Saratoga Springs man sentenced to prison, $1.5K restitution after securities fraud conviction

Saratoga Springs man sentenced to prison, $1.5K restitution after securities fraud conviction

SARATOGA SPRINGS, Utah, March 19, 2025 (Gephardt Daily) — A 28-year-old Saratoga Springs man who pleaded guilty to securities fraud in September has now learned his sentence. Jacob Welch Dalton was sentenced to two years’ imprisonment and three years’ supervised release, and was ordered by the court to pay $1,553,806 in restitution,” says a news release issued by the United States Attorney’s Office, District of Utah. “Dalton defrauded approximat…

SALT LAKE CITY, UTAH- A man from Utah was sentenced to prison after committing multi-million-dollar fraud on dozens of investors, according to a press release from the U.S. Department of Justice. Jacob Welch Dalton, 28, a resident of Saratoga Springs, Utah, was sentenced to two years in prison, three years in supervised freedom and to pay $1,553,806 in restitution. Dalton defrauded approximately 45 investors in a stock scam, obtaining investment…