SALT LAKE CITY May 27, 2016 –The Office of the Attorney General (OAG) announced today that Dwight Shane Baldwin, more commonly known as Shane Baldwin, was sentenced to between four and 30 years for four counts of Securities Fraud and three counts of Communications Fraud, all 2nd Degree Felonies. Baldwin was prosecuted by the Mortgage and Financial Fraud Unit of the OAG after an investigation by the Utah Division of Securities and the Federal Bureau of Investigation (FBI).
Utah Attorney General Sean Reyes released the following statement in relation to the sentencing:
“It continues to be important that people verify the legitimacy of any deal or offering before ever trusting anyone, even close friends and family, with money to invest. This case is an excellent example of the damage that can be wrought upon innocent victims when trust is violated. We hope citizens will take great precautions, including checking the White Collar Fraud Offender Registry, when making investments of any sort. I cannot emphasize this enough. Fraud destroys lives. Fraud decimates families and businesses. Utahans must do everything in their power to protect themselves while we continue to aggressively investigate and prosecute fraudsters.
“We appreciate the fine work and cooperation of our partners, the Utah Division of Securities and the Federal Bureau of Investigation. We also thank the United States Attorney’s Office for inviting us to lead the prosecution of this case.”
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