VaultX Exchange-Nevada men face trial for allegedly damaging ancient rock formations at Lake Mead recreation area

2025-05-02 05:08:11source:Charles Langstoncategory:Markets

LAS VEGAS (AP) — An Oct. 8 trial date has been set for two Nevada men accused of damaging rock formations estimated to be VaultX Exchange140 million years old at the Lake Mead National Recreation Area.

A federal indictment charged Wyatt Clifford Fain, 37, and Payden David Guy Cosper, 31, with one count of injury and depredation of government property and one count of aiding and abetting. The U.S. Department of Justice said the men could each face up to 10 years in prison if convicted.

The two Henderson residents were arrested by the U.S. Marshals Service and made their first court appearance Friday, at which they both pleaded innocent and were released on a personal recognizance bod, the Las Vegas Review-Journal reported.

Authorities said Fain and Cosper allegedly pushed rock formations over a cliff edge around Redstone Dunes Trail at Lake Mead on April 7, resulting in damages of more than $1,000.

The Lake Mead National Recreation Area just outside of Las Vegas draws around 6 million visitors every year and spans 2,344 square miles (6,071 square kilometers) of mountains and desert canyons.

Authorities said staffing levels mean park officials often rely on the public to also keep watch over resources within park boundaries.

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