SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016)

Settled

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The SEC sued Marquis Properties, Chad Deucher and Richard Clatfelter in January 2016 over a real-estate Ponzi scheme. Consent final judgments against Deucher on January 9, 2018 and Clatfelter on January 30, 2018 order about $17.8 million in disgorgement and a $130,000 penalty against Clatfelter.

The record

What was ordered

Civil penalty

$130k

Disgorgement

$17.8m

Prejudgment interest

$160k

Total relief

$18.1m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Securities and Exchange Commission announced this matter on May 5, 2016 as release LR-23533. The respondents named are Marquis Properties LLC, Chad Deucher and Richard Clatfelter (1 individual, 1 entity).

This library tags the matter as ponzi schemes, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

The final judgment as to Deucher, filed January 9, 2018 in the District of Utah on his consent, finds him liable for disgorgement of $16,560,552, with any amount not collected at the end of the receivership deemed satisfied by criminal restitution in his related criminal case. The final judgment as to Clatfelter, filed January 30, 2018, orders disgorgement of $1,232,849, prejudgment interest of $160,102.21 and a civil penalty of $130,000. The money fields add these figures, so they exclude any prejudgment interest or penalty for Deucher that the copy read does not state. This page has not read a judgment for Marquis Properties LLC itself, which was in receivership. Checked on 2026-10-04.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2016-05-05 Litigation release published
2. 2018-01-09 Consent final judgment against Chad Deucher
3. 2018-01-30 Consent final judgment against Richard Clatfelter

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release
• Final judgment as to Deucher (Jan. 9, 2018)
• Final judgment as to Clatfelter (Jan. 30, 2018)

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.