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Utah man faces prison, deportation in Ponzi scheme

Published November 15, 2013 4:24 pm

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

A Utah man accused in a Ponzi scheme has been ordered to spend five years in federal prison and pay back $6.8 million before he's deported back to his native Great Britain.

Federal prosecutors say 59-year-old John S. Dudley was sentenced last week in U.S. District Cour, after he admitted in a plea agreement to sending an incriminating email to an undercover investigator.

Prosecutors say Dudley touted a wide range of investments with high returns but used the money to fund a lavish lifestyle that included a $1.5 million home, luxury cars and exotic vacations.

Authorities say investors who lost money to Dudley included young people and the elderly.

Dudley was charged in a 17-count indictment in 2011 and pleaded guilty to wire fraud in February.

The Associated Press