Utah businessman charged with fraud for 2nd time

Utah businessman charged with fraud for 2nd time

(Evlakhov Valeriy/Shutterstock.com)


Save Story
Leer en español

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY — A man who was previously charged with securities fraud before reaching a plea deal, has now been charged with communications fraud.

Dwight Shane Baldwin, 34, was charged Thursday in 3rd District Court with three counts of communications fraud, all second-degree felonies. The case was investigated by the FBI and filed by the Utah Attorney General's Office, according to court records.

The probable cause affidavit and the arrest warrant were both sealed, according to court records, so details of the alleged crime were not immediately available.

In 2010, Baldwin was charged with theft and securities fraud for allegedly persuading two people to invest in a company, then diverting funds for other purposes, such as car payments, Utah Jazz season tickets, American Express bills, and restaurant meals.

He entered into a plea in abeyance after the two securities charges were dismissed and the theft charges were amended to attempted theft.

At the time, Baldwin said he had already reached a settlement with the investors in a civil suit, but wasn't sure if prosecutors were aware of that before filing charges.

More information on the new charges will be released when it becomes available.

Most recent Utah stories

Related topics

Utah
Pat Reavy

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast