Man sentenced in $14m bank fraud

Dwight Shane Baldwin in frame grab from a promotional video for his investment company. Judge James Blanch sentenced Dwight Shane Baldwin, 35, on Thursday, May 26 in 3rd District Court to six terms of 1 to 15 years at the Utah State Prison, four to be served consecutively — meaning he could be in prison for four to 60 years, court documents show.

In return for dismissal of eight other charges, Baldwin had pleaded guilty to four counts of securities fraud, one count of theft and one count of engaging in a pattern of unlawful activity. The latter two sentences are to be served concurrently with the others. A probable cause affidavit said Baldwin became angry and shoved, punched, scratched and tried to gouge the eye of a jailer.

Steven Daniel Miller, a year-old resident of Fairfield, has been sentenced to four years in prison for bank fraud and aggravated identity theft.

Court records showed the FBI began investigating Baldwin in after receiving reports that the founder of Salt Lake City-based Silverleaf Financial may have been committing investment fraud since against several investors in a series of loan and property investment deals. In a probable cause affidavit, the FBI said it gathered evidence at one point by sending in an undercover agent to participate in one of the investment negotiations.

Baldwin had run into trouble with state securities regulators and police in for similar investment activities. He avoided jail time then in a plea bargain. He fulfilled those terms and the charges were dismissed in , court records show. You can reach reporter Mark Shenefelt at mshenefelt standard. Newsletter Today's breaking news and more in your inbox.

SACRAMENTO, Calif.

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