Draper Man Parker Wilde Indicted Over 'Done-for-You' Amazon Store and Crypto Day-Trading Pitches

Published Oct. 19, 2026. Case status is current as of that date.

The pitch was passive income: pay an upfront fee, let an expert build and run an Amazon store for you, and collect thousands of dollars a month. Federal prosecutors in Utah now allege that pitch was part of an investment fraud. On Oct. 13, 2026, an indictment was unsealed charging Parker James Wilde, 29, of Draper, Utah, with securities fraud, wire fraud and money laundering in schemes that caused "millions of dollars of loss to approximately 200 victims," the U.S. Attorney's Office for the District of Utah said [1].

The criminal case follows a December 2025 civil judgment of up to $7.9 million that Utah's consumer protection regulators obtained against Wilde over the same kind of "automated" Amazon store offers [3].

Important: Wilde is charged, not convicted. "An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law," the U.S. Attorney's Office said [1]. We could not find a public statement from Wilde or a defense attorney.

What the federal indictment alleges

According to court documents described by prosecutors [1]:

• A "done-for-you" e-commerce scheme. Starting in August 2021, Wilde allegedly solicited investors in a "done-for-you" e-commerce investment "promoted primarily through a curated social media display of investor success, personal affluence, and specialized knowledge."
• A crypto day-trading scheme. He also allegedly solicited investors in a day-trading program, "promising significant returns based upon his expertise within the cryptocurrency investment industry."
• Lifestyle as marketing. The release's subheading says Wilde allegedly spent investor money "on his extravagant lifestyle and his personal use to create a misleading appearance of wealth and success."

A jury trial is set for Dec. 18, 2026, at the federal courthouse in Salt Lake City [1]. The Utah Division of Consumer Protection, the Utah Division of Securities and the FBI's Salt Lake City field office are investigating [2].

What Utah regulators found in the civil case

Utah's Division of Consumer Protection sued Wilde in 2025, after a two-year investigation. In December 2025, Utah's 4th District Court entered a stipulated order against him. According to the division [3]:

1. The companies. From 2020 to 2023, Wilde sold the business opportunity through Private Label Accelerator (PJW Profit Ventures LLC) and Passive Ecom Ventures, LLC.
2. The price. Buyers paid an upfront "consulting fee" of $5,000 to $20,000, plus $7,000 to $10,000 in inventory costs per product type.
3. The promises. Buyers were promised "$2,500-$7,200+ in passive profit each month… in just 60 days," a full refund if the store wasn't profitable within 12 months, and that his team would "manage and run" the store "entirely."
4. The results. The division said many buyers never received a functioning store, it had "not identified a single consumer for whom Wilde established a profitable Amazon store," and none of the complainants received a full refund. Many reported unauthorized charges on their credit cards, and bank records showed most of the money went to buy cryptocurrency for Wilde and pay his own credit card debt.

In the stipulated order, Wilde agreed to a judgment of up to $7.9 million, a permanent ban on offering business opportunities, money-making schemes or telemarketing in Utah, and three years of compliance monitoring. He admitted violating Utah's Consumer Sales Practices Act and its Business Opportunity Disclosure Act, the division said. About $3.9 million of the judgment is stayed if he complies and is verified unable to pay the full amount [3]. KSL reported that the division's original complaint was filed in February [4].

Those civil admissions concern state consumer-protection law. The federal criminal charges have not been proven.

Red flags in "automated" e-commerce offers

• Specific monthly profit promises ("$2,500 to $7,200 a month in 60 days") for a business you will not run yourself.
• A large upfront "consulting" or "setup" fee, plus separate inventory charges.
• A "money-back guarantee" from a seller with no track record you can independently check.
• Marketing built on lifestyle: cars, travel, screenshots of earnings and testimonials on social media.
• No registration. In Utah, business opportunity sellers must register with the Division of Consumer Protection and disclose how many buyers earned more than they paid [3].
• A side pitch to invest in the seller's crypto or day trading. Unregistered investments and unlicensed sellers are classic warning signs, according to the SEC [5].

What to do

1. Ask for the disclosure document and the seller's state registration before paying, and verify it with your state consumer protection office.
2. Talk to past buyers you find yourself, not ones the seller picks.
3. Pay by credit card, and dispute unauthorized charges quickly.
4. If you invested with or bought a store from Wilde, the Utah Division of Securities asks you to contact it; its Oct. 16 notice links to an Amazon store survey and a day-trading survey [2].
5. Report other business-opportunity scams to your state attorney general and the FTC at ReportFraud.ftc.gov.

Case status (as of Oct. 19, 2026)

Defendant	Court	Status as of Oct. 19, 2026	Source
Parker James Wilde, 29, Draper, Utah	Federal, D. Utah (criminal)	Indicted on securities fraud, wire fraud and money laundering (unsealed Oct. 13, 2026); jury trial set Dec. 18, 2026; presumed innocent	[1], [2]
Parker J. Wilde; Private Label Accelerator (PJW Profit Ventures LLC); Passive Ecom Ventures, LLC	Utah 4th District Court (civil, Division of Consumer Protection)	Stipulated order entered December 2025: up to $7.9M judgment (about $3.9M stayed on conditions), permanent ban on business-opportunity sales in Utah	[3], [4]

Criminal charges are allegations. Statuses can change.

Sources

1. U.S. Attorney's Office, District of Utah, "Salt Lake County Man Charged After Allegedly Defrauding Investors Out of Millions of Dollars," Oct. 13, 2026. https://www.justice.gov/usao-ut/pr/salt-lake-county-man-charged-after-allegedly-defrauding-investors-out-millions-dollars
2. Utah Department of Commerce, "Utah Man Charged After Allegedly Defrauding Investors Out of Millions of Dollars," Oct. 16, 2026. https://commerce.utah.gov/2026/10/16/parker-wilde-fraud-indictment/
3. Utah Department of Commerce, "Utah Secures $7.9 Million Judgment and Permanent Ban Against Parker J. Wilde for Amazon E-commerce Scam," Dec. 18, 2025. https://commerce.utah.gov/2025/12/18/utah-secures-7-9-million-judgment-and-permanent-ban-against-parker-j-wilde-for-amazon-e-commerce-scam/
4. Logan Stefanich, "Utah man accused of operating multiple investment fraud schemes facing federal charges," KSL.com, Oct. 13, 2026. https://www.ksl.com/article/51636009/utah-man-accused-of-operating-multiple-investment-fraud-schemes-facing-federal-charges
5. U.S. Securities and Exchange Commission, Investor.gov, "Ponzi Scheme" (red flags; accessed Oct. 19, 2026). https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme

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