U.S. Attorney Trina A. Higgins | U.S. Department of Justice
A Utah County man has pleaded guilty to securities fraud, admitting to defrauding clients through the sale of investment contracts without a license. Kole Glen Brimhall, 27, from Orem, Utah, acknowledged his involvement in selling fraudulent investments in e-commerce stores via Alpha Influence, LLC. This activity took place between March 2020 and June 2022.
Court documents reveal that Brimhall sold these e-commerce store investments as passive opportunities with promises of consistent monthly returns. However, he did not disclose that most of the funds were directed to Alpha Influence, LLC for distribution among sales agents as commissions. Only a small portion was allocated to the service providers for the investors' stores.
Brimhall's sentencing is set for March 24, 2025, at 8:30 a.m., before a U.S. District Court Judge at the Orrin G. Hatch United States District Courthouse in Salt Lake City.
U.S. Attorney Trina A. Higgins announced the case details. The investigation is being conducted by the Utah Division of Securities and the FBI Salt Lake City Field Office.
Assistant United States Attorneys Mark Woolf, Brian Williams, and Ruth Hackford-Peer are leading the prosecution.
