Date: 11-12-2024

Case Style:

United States of America v. Aaron A. Wagner

Case Number:

Judge:

Court: The United States District Court for the District of Utah

Plaintiff's Attorney: The States United Attorney’s Office for Salt Lake City

Defendant's Attorney:

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Description:

Salt Lake City, Utah criminal defense lawyer represented the Defendant charged with Defrauding Investors and Lenders
Utah Businessmen Indicted for Defrauding Investors and Lenders Millions of Dollars

A federal grand jury in Salt Lake City returned a 16 count indictment charging two Utah businessmen with various financial crimes, including wire fraud and money laundering. The two business partners are accused of defrauding private investors and lenders in restaurant businesses such as Dirty Bird, Everbowl, and Crumbl Cookies.

Aaron A. Wagner, 42, of Alpine, Utah, was initially charged by complaint on October 23, 2024, in the District of Utah and taken into custody. Wagner and his business partner and codefendant, Michael Mains, 46, of Alpine, Utah, were indicted November 6, 2024.

According to court documents, from March 2021 and continuing to the present, Wagner and Mains devised a fraudulent scheme to trick lenders and investors to send millions of dollars to entities Wagner and Mains controlled through Wagscap Food Services, LLC. These entities included, Hello Sugar, Dirty Bird, Everbowl, Crumbl Cookies, Las Botellas, and others. Wagner would tell lenders and investors that their funds would be used for developing certain restaurants. Instead, Wagner used the funds for personal expenses or investments, or to prop up projects for other investor groups, which also included himself as an investor.

Court documents allege Wagner would further trick investors that he was a successful businessman by showing off his own lavish lifestyle, including personal jets, exotic vehicles, and luxury vacations. Wagner failed to disclose a large part of his success was financed by investor funds he allegedly stole from the businesses they were meant to support. Essentially, Wagner used new investor money, obtained through fraud, to falsely appease previous investors.

As a result of the scheme, Wagner brought in more than $40 million from investors. Wagner and Mains diverted millions for their own personal benefit to make purchases, including but not limited to a $4 million dollar second home for Wagner in Scottsdale, Arizona; an $8 million personal airplane; a $4.5 million commercial property to be developed into a nightclub; and $8 million real estate property in Missoula, Montana.

Wagner and Mains are charged with wire fraud, conspiracy to commit wire fraud, transactional money laundering, and concealment money laundering. Their initial appearance on the indictment was November 8, 2024, before a U.S. Magistrate Judge at the Orrin G. Hatch United States District Courthouse in downtown Salt Lake City. A jury trial is scheduled for February 3, 2025.

United States Attorney Trina A. Higgins for the District of Utah made the announcement.

The case is being investigated by the FBI Salt Lake City Field Office.

Assistant United States Attorneys Carl D. LeSueur and Brent L. Andrus of the U.S. Attorney’s Office for the District of Utah are prosecuting the case.

If you believe you are a victim of the alleged fraud mentioned in this press release or have information concerning the fraud in this press release, please email wagnermainsfraud@fbi.gov.

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Outcome:

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

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Defendant's Experts:

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