A KAYSVILLE BUSINESSMAN HAS BEEN CHARGED, WITH DEFRAUDING INVESTORS -- ACROSS THE COUNTRY -- OF MORE THAN 72-MILLION DOLLARS, IN A PONZI SCHEME.

DEE RANDALL NOW FACES 22 COUNTS OF SECURITIES FRAUD.

HE'S ACCUSED OF USING INVESTMENTS -- FROM ABOUT 700 PEOPLE -- TO PAY FOR OTHER ENTITIES HE CONTROLLED... AND TO PAY OFF EARLIER INVESTORS.

PROSECUTORS SAY, MOST OF THE INVESTORS PARTICIPATED BECAUSE RANDALL HAD A GOOD REPUTATION IN THE INSURANCE INDUSTRY... AND IS AN ACTIVE MEMBER OF THE MORMON CHURCH.

THE STATE ATTORNEY GENERAL'S OFFICE SAYS THE SCHEME IS ONE OF THE LARGEST TO EVER ORIGINATE HERE IN UTAH.