Utah AG Office Press Room

“BETTER THAN NETFLIX” – UTAHNS CHARGED WITH DUPING MOVIE RENTAL INVESTORS

Two Utah men are facing felony charges for soliciting investments for a device that would supposedly download rental movies with new technology that was “better than Netflix.” The Utah Attorney General’s Office charged two executives with Movieblitz North America and Ellipse Technology for allegedly defrauding six victims out of $69,500.
David Bruce Buttars, 52, Bountiful, was charged February 14 with seven second-degree felony counts, four third-degree felony counts and one class A misdemeanor involving securities fraud, theft and pattern of unlawful activity.  Mark Whitney Keith La Count, 55, Park City, was also charged with three second-degree felony counts and four third-degree felony counts involving securities fraud and pattern of unlawful activity.
According to court documents, the defendants told investors they needed money to develop a “thumb-drive-like device” or chip for downloading and viewing movies.  They said they were working with a “genius” who helped develop the stealth bomber and was using that technology for the device.
Investors were told the key chain sized device could download 20 to 30 movies and plug directly into a TV. Customers could select how long they wanted the movie and then erase it without worrying about returning anything or facing late fees.  They were also told the movies could be downloaded from kiosks that would be distributed worldwide.
The six alleged victims live in Washington, Weber and Summit counties. Some were told they would be rich from the investments. None of them received any returns on their investments.  Investigators discovered Buttars used the funds for personal expenses.  The alleged victims were also not told the securities were not registered or that Butters and La Count were not licensed to sell securities.
The defendants made their initial appearance on February 25.  A scheduling conference for both defendants has been set for March 29 before Third District Judge Judith Atherton.  The case is being prosecuted by Assistant Attorney General Jake Taylor and was investigated by State Bureau of Investigation and the Utah Division of Securities.
All defendants are presumed to be innocent unless convicted in a court of law. Jail booking photos of Buttars and La Count can be found below.

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David Buttars

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Mark La Count

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This entry was posted on February 27, 2013 by .
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