Utah man to serve 4 years for fraud
A Utah man convicted of fraudulently taking out two loans on the same property has been sentenced to serve more than four years in federal prison.
Baylor Sinclair Stevens, 34, was ordered to serve 51 months in prison, followed by 36 months supervised release, during a sentencing hearing in U.S. District Court last month. Stevens was also ordered to pay $1.2 million in restitution.
Stevens was indicted after a monthslong investigation by the FBI and the Utah Insurance Fraud Division. According to prosecutors, Stevens secured a $1.2 million loan for property in Olympus Cove and then went to another lender and secured a $920,000 loan for the same property.
— Geoffrey Fattah
Recent comments
If deliberate actions like forging signatures, submitting false deeds...
FBI NuT | July 10, 2009 at 2:58 p.m.
Doesn't seem like the article included all the data...in my mind a...
Numbers | July 10, 2009 at 8:21 a.m.
This is normal in the business world, take out several loans on the...
Happens all the time. | July 10, 2009 at 6:36 a.m.
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