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LehiUtah County

Utah County man pleads guilty to defrauding investors in $60 million Ponzi scheme

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Utah County man pleads guilty to defrauding investors in $60 million Ponzi scheme
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Utah News spotted this story published November 3, 2026 at KUTV. Full coverage may follow as more sources report.

A Utah County man pleaded guilty to taking part in a Ponzi scheme that defrauded hundreds of investors of more than $60 million since 2020. Matthew Morrison Bates, 42, of Lehi, pleaded guilty to conspiracy to commit wire fraud and money laundering during a change of plea hearing on Monday.

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CityLehi, Utah County
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