This is an archived article that was published on sltrib.com in 2016, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
A St. George businessman was sentenced for a multimillion-dollar real estate scam.
The Spectrum of St. George reports that a federal judge sentenced Edmund Edward Wilson late last week to nine years and ordered that he pay more than $12 million in restitution to his victims.
Prosecutors say several developers and investors paid advances of either $80,000 or $150,000 to get funding for commercial projects that ultimately never came.
They say the 72-year-old would tell investors that he needed more funds to cover unforeseen expenses.
He defrauded more than 80 victims in other states, as well as Canada and Mexico, according to court documents. Wilson pleaded guilty in 2015 to charges of wire fraud and money laundering.
Under the agreement, 30 other counts were dismissed.
The Associated Press