A federal indictment unsealed on Tuesday, October 13, charges Parker James Wilde, 29, of Draper, Utah, with securities fraud, wire fraud and money laundering, according to a release from the U.S. Attorney’s Office for the District of Utah. The release does not state the number of counts. [1]
Prosecutors allege Wilde ran two schemes. The first, starting in August 2021, was a “done-for-you” e-commerce investment program promoted through social media posts showing investor success and his personal wealth. The second was a day-trading scheme that promised significant returns based on claimed expertise in the cryptocurrency industry. [1]
The release alleges Wilde spent investor money on his lifestyle and personal use to create a misleading appearance of wealth and success. It says about 200 victims lost millions of dollars and does not give an exact figure. [1]
The Utah Division of Consumer Protection and the FBI’s Salt Lake City Field Office were the investigating agencies named in the release. U.S. Attorney Melissa Holyoak announced the case, and Assistant U.S. Attorneys Brent Andrus and Mark Woolf are prosecuting it. [1]
A trial is set for December 18, 2026, at the Orrin G. Hatch United States Courthouse in Salt Lake City. The release states that an indictment is only an allegation and that a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt. It does not list potential penalties. [1]