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Lehi man pleads guilty in $60 million Ponzi scheme

Utah.News 1 source cited Details

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Lehi man pleads guilty in $60 million Ponzi scheme
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Utah News spotted this story published November 2, 2026 at KSL. Full coverage may follow as more sources report.

A Lehi man charged in federal court with running an alleged $60 million Ponzi scheme pleaded guilty Monday to wire fraud and money laundering. Matthew Morrison Bates, 42, made his first court appearance Monday after being charged with conspiracy to commit wire fraud and money laundering.

Photo via KSL

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