Idaho man sentenced for wire fraud in investor scheme

Estimated read time: Less than a minute

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 Information in the story may be outdated or superseded by additional information.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.

BOISE, Idaho (AP) — An Idaho man has been sentenced to 10 years in prison for defrauding investors and costing them between $1.5 million and $3.5 million in losses.

The Idaho State Journal reports 59-year-old Rick Guyon was sentenced Tuesday in federal court in Boise after he pleaded guilty last year to wire fraud.

Federal prosecutors say Guyon lied about his education, employment history and financial condition as part of scheme to collect nearly $2 million from investors from 2015 through 2017.

He also made fraudulent representations about how the money would be invested and gave investors fake monthly account statements.

Prosecutors say he spent the money on personal expenses.

Guyon was ordered to pay nearly $2 million in restitution. He will also have three years of parole following his release from prison.


Information from: Idaho State Journal,

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Idaho stories

Related topics

IdahoBusiness & Tech
The Associated Press


    Catch up on the top news and features from, sent weekly.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast