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Utah man headed to prison in investment fraud
First Published Jul 02 2014 09:17 am • Last Updated Jul 02 2014 04:22 pm

A 58-year-old Utah County man has been ordered to spend one to 15 years in prison and pay $2.2 million in restitution in connection with an investment scam.

Steven L. Flygare pleaded guilty in 3rd District Court to one count of pattern of unlawful activity, a second-degree felony, and was sentenced to the Utah State Prison on Friday.

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The Utah Attorney General’s Office said Flygare lied to investors in 2007 and 2008 about real estate developments and a water share project in Utah. Authorities say he used most of the investors’ funds for personal expenses and other things unrelated to the investments he was pitching.

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