Securities and Investments 4Nexchange, LLC Ronald Bassett Paul R. Grant (Sentence: 5 years, Restitution/Fines/Penalties/Settlements Paid: $18.7 million) Action Date: April 10, 2004 Location: Salt Lake City, UT On April 10, 2004, Paul R. Grant, the operator of 4Nexchange, LLC, was sentenced to five years in prison and ordered to pay restitution of $18.7 million. Grant was accused by the SEC in May, 2003, of running a Ponzi scheme in Utah. Ronald Bassett and Grant sold interest in a supposed foreign exchange trading scheme, which was alleged to have taken in over $14 million before a SEC cease and desist action.