Southern Utah man sentenced after defrauding investors of $2.9 million.
Brian Garry Sewell, 54 was sentenced to 36 months in prison and 36 months of supervised release after previously pleading guilty to wire fraud. Similar sentence in a separate case after operating in an unlicensed money transmitting busines was also provided to him.
“Fraud schemes like this don’t just involve financial losses—they shatter trust and upend lives, Sewell preyed on his victims by lying about his experience and promising returns he could not deliver, leaving individuals and families to bear the consequences of his deception. The FBI will continue to put victims first by holding offenders accountable and pursuing those who misuse cryptocurrency and unlicensed financial services to exploit others.” - Special Agent in Charge Robert Bohls of the Salt Lake City FBI