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Utah man sentenced for wire fraud during pretrial release for separate wire fraud case


A Midvale, Utah, man on Monday was sentenced to 41 months in prison followed by three years of supervised release for wire fraud and contempt of court committed while on pretrial release for a separate securities fraud case.

Chad Leon Sayers, 59, was found guilty by a federal jury in 2023 for violating a pretrial release condition set two years prior.

In 2021, Sayers was charged in a securities fraud scheme involving his company, American Smartphone Inc., doing business as Saygus.


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