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Show Local couple file suit claiming investment fraud A Vernal couple has filed suit in U.S. District Court, claiming they were defrauded in an investment scheme in which they were told the Mormon Church was working with a company to develop charter tours to Hawaii and Mexico. A. Dean Voorhies and his wife Vivian filed an 11-count complaint alleging violations of federal and state securities laws, common law fraud, common law negligent misrepresentation, misrepresenta-tion, breach of fiduciary duty and breach of a secured promissory note and security agreement. Named as defendants are Donald H. Pickett, Salt Lake City; A. George Klinell, Kaysville; Clark Brown, Kaysville; BEC Development Inc., also doing business as DEC Corp., Salt Lake City; A. Marlon Andrus, Salt Lake City; Ci-ty; and First Security Bank of Utah. The suit says Pickett, who was the Voorhies' personal accountant, and Klinell and Brown, officers and directors direc-tors of BEC Development, with the aid of Andrus, manager of First Security's Salt Lake City branch at 405 S. Main, fraudulently induced the plaintiffs to invest in-vest $500,000 in BEC to start a charter-tour charter-tour operation. According to the complaint, Pickett told the plaintiffs BEC needed the money to complete the purchase of two Boeing 720 jet aircraft to use ( tours. The suit says Pickett told their money would be repaid j year with a 100 percent return or investment. Pickett told the couple BE( developing the tours in conjunctio The Church of Jesus Christ of 1 day Saints, and that the church a had enough people committed to first several charter flights and tion packages to Hawaii and M the suit says. Knowing that the couple enough cash for the investment, I gested they put up shares of Eqi Co. stock that they owned as col for a loan from First Security to the investment money, the sui The complaints says the V001 did so after meeting with I Brown and Andrus to discuss rangements. It was agreed I defendants that payments on th Security loan would be made c by BEC to the bank, the complaii BEC, however, turned out to a be insolvent without the V001 money, and has made no paym the loan since the agreement wa July 27, 1981, the suit says.Thet the meantime, has requin Voorhieses to tender cash payi $75,119 on the loan and to depos tional shares of stock as collate |