Utahn Jeremiah Joseph Evans, known as the "The Bull" and host of "Alpha Con," pleads guilty to defrauding more than 530 investors of more than $20 million.

SALT LAKE CITY ( ABC4) — A Utah businessman has pleaded guilty to defrauding over 500 investors of more than $20 million. Jeremiah Joseph Evans, 29, of Utah County was charged with felony information on Jan. 21, 2025, after fraudulently selling investments in e-commerce stores through his business, Alpha Influence, LLC.

At the U.S. District Courthouse in Salt Lake City on Thursday, a Utah County businessman pleaded guilty to defrauding investors of over $20 million through a security fraud and money laundering scheme.

A Utah entrepreneur who called himself “The Bull” on social media and organized a much-talked-about Salt Lake City summit called “Alpha Con” pleaded guilty this week to a scheme that defrauded around 530 people out of more than $20 million.

A Utah County entrepreneur has pleaded guilty in federal court to costing hundreds of clients millions of dollars after selling securities illegally.