NEWS RELEASE: Utah County Man Sentenced to 24 Months in Prison After Running a $1.6M Affinity Fraud Scheme

SALT LAKE CITY, Utah – Jacob Welch Dalton, 28, of Saratoga Springs, Utah, was sentenced to two years’ imprisonment, three years’ supervised release, and ordered by the court to pay $1,553,806 in restitution.  Dalton defrauded approximately 45 investors in a securities fraud scheme by obtaining investments from people that he knew personally or through social media. The sentence, imposed by …