You may have noticed the annoying "Free Capitalist" billboards — with the bearded financial svengali Rick Koerber — that once lined I-15 through Utah County have disappeared. If you wonder what happened to Koerber, who promised to make you rich, read Salt Lake City Weekly's cover story "All Bets Are Off: How Rick 'The Free Capitalist' Koerber’s real-estate scheme helped wreck Utah’s economy."

As usual in Utah get-rich-quick schemes, an untold number of greedy, but slow-witted, Utahns got screwed. Also as usual, Koerber played on Mormonism, the Founding Fathers and family to bring the suckers in.
Note to victims: Were you out of your minds to trust this guy? Just look at him!

SLWeekly's Eric S. Peterson writes:

FranklinSquires Companies LLC run by Rick Koerber, took advantage of loose-lending regulations and a reckless business model to inflate the state real-estate bubble. Koerber . . . may have had quite a lucky streak when the housing market was booming, critics say. But now, after helping pop the bubble, Koerber’s empire is crumbling, forcing him to walk away from investors.

Some claim they are owed millions by Koerber and his companies—often leveraged out of life savings and equity from the homes in which they live. Some face foreclosure and bankruptcy. They have lost almost all hope they will see their money again.

Randy Chipman, a Utah County man who invested more than $100,000 with a Free Capitalist-related company suggests a new slogan for Koerber:

How about a billboard that says, ‘Hey, Free Capitalist, where’s my money?'