Two Salt Lake County brothers were arraigned on fraud charges Monday after raising millions of dollars to turn a southern Utah ski area into an exclusive members-only resort.
Marc and Stephen Jenson pleaded not guilty in 3rd District Court to money-laundering and fraud charges, second-degree felonies, involving their effort to convert Elk Meadows ski resort outside of Beaver into Mount Holly Club. They were bound over for trial Feb. 7 by Judge Vernice Trease.
Marc Sessions Jenson, 52, formerly of Holladay, is accused of failing to inform investors of his checkered past and previous bankruptcy. He is already being held in the Beaver County Jail for failing to pay $4 million to victims of an earlier fraud. His lawyer, Brent Burningham, said he withdrew Monday because he hadn't been compensated and that Marc Jenson will get a public defender.