Denise Rust was listed as the secretary for Rust Rare Coin. Joshua Rust managed the coin shop from 2004 to 2018. Federal prosecutors say the company defrauded at least 700 investors nationwide of ...

Rust Rare Coin 252 E. 300 South Salt Lake City, UT 84111 801-363-4014 www.rustcoin.com.

SALT LAKE CITY — The final defendant in the Rust Rare Coin Ponzi scheme was sentenced Tuesday. A federal judge gave Joshua Rust six months in prison followed by 36 months of probation.

The family operated Rust Rare Coin in downtown Salt Lake City. According to civil and criminal court documents, beginning in at least 2008, Rust persuaded investors to put money toward silver trading.

Josh Rust has seen exciting collections before, but nothing quite like this: 500 to 600 pieces of historical currency, including early Mormon bills and coins, worth an estimated $1.5 million.