Home Dating apps Utah man who appeared on “Shark Tank” charged with additional crimes in fraud case

Utah man who appeared on “Shark Tank” charged with additional crimes in fraud case


Another woman was allegedly defrauded of $ 50,000, as well as proceeds from the sale of a gun, ammunition and a car.

(Fred Hayes / ABC) Daymond John visits Nate Holzapfel in Provo in a 2015 episode of “Beyond the Tank”.

Other victims have come forward in the case of a Utah man who appeared on an episode of ABC’s “Shark Tank” and allegedly defrauded a woman he was dating $ 200,000 while he was already married.

According to a press release from the Utah County Attorney’s Office Nathanael Holzapfel, 42, a resident of Orem, the man has been charged with three other second degree crimes: two counts of theft by deception and one count communications fraud, all resulting from an additional victim manifests itself. In October, Holzapfel was charged with three counts of communications fraud.

Holzapfel started talking to the woman on a dating app in August 2021, according to the probable cause statement. He began to “prepare the victim” by telling her that he would help her invest, then told her that he would invest $ 50,000 from the woman’s late husband’s life insurance policy in his business, Bristol and Beard. He allegedly told her that she would receive 10% for the next four to five years, then more than a million dollars when he sold the business.

When the woman was leaving town for a trip on September 17, Holzapfel told her they had to withdraw $ 50,000 from her bank to invest in her business, the statement said. Although she told him she didn’t want to, he “started to use his tactics” and she “reluctantly went to the bank and withdrew $ 50,000 which the accused took”.

On the same day, the woman told Holzapfel that she was not comfortable investing the money with him and wanted to get it back, but he never returned the money to her, according to the probable cause statement. The money was also not invested in his business, but used by him by changing the note line from withdrawing from an investment to an advisory fee.

In addition to the $ 50,000, Holzapfel also took an AR-15, ammunition and a vehicle from the woman, which he then sold without her permission, the statement said. The proceeds from the sale were supposed to be invested in Holzapfel’s business, but were not, and the woman never received the money from the sale.

Utah County District Attorney David Leavitt said in a statement that more victims coming forward indicate a “disturbing pattern of activity on the part of an individual” and Sgt. Cole Christensen of the Utah County Attorney’s Office of Investigations is working with other victims who have contacted.

“We have more casualties to come,” Christensen said. “Victims are often selected by the abuser through social and dating apps. I urge people to be more careful. Be aware of red flags, like asking for money or investing in businesses. Protect yourself.”

Anyone with additional information or who has been victimized can contact the UCAO Bureau of Investigations at 801-851-8069 or [email protected]