Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme

In brief

  • Brian Garry Sewell was sentenced to three years in federal prison on wire fraud and unlicensed money transmitting charges.
  • Prosecutors said he misled investors about his experience while operating a cash-to-crypto business without registration.
  • The case combined fraud allegations with charges tied to converting bulk cash into crypto.

A 54-year-old Utah man was sentenced to three years in federal prison for operating an unlicensed cash-to-crypto business and defrauding investors of nearly $3 million.

Brian Garry Sewell of Washington County was sentenced to 36 months in prison, followed by three years of supervised release, after pleading guilty to wire fraud. 

The judge also ordered more than $3.8 million in combined restitution,…

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