March 20, 2025
SALT LAKE CITY, Utah – Jacob Welch Dalton, 28, of Saratoga Springs, Utah, was sentenced to two years’ imprisonment, three years’ supervised release, and ordered by the court to pay $1,553,806 in restitution. Dalton defrauded approximately 45 investors in a securities fraud scheme by obtaining investments from people that he knew personally or through social media.
The sentence, imposed by U.S. District Court Judge Jill N. Parrish, comes after Dalton pleaded guilty to securities fraud on September 30, 2024.
According to court documents and statement made at Dalton’s change of plea and sentencing hearings, from October 2022 to December 2023, Dalton lied to investors to unlawfully obtain money and property by selling securities, that is investments in his company, Rogue Liquidity, LLC. As part of the scheme, Dalton provided falsified documents and fictitious information to investors electronically and by telephone. Dalton lied to investors about Rogue Liquidity, LLC, and its success by claiming it operated as an investment liquidity fund that pooled investor funds for guaranteed risk free return on principal and investment of up to 60%. Rather, the company had no liquidity pool and investors’ funds were used almost entirely for his own use. He also lied and created fictitious investor track records to obtain investor funds.
Acting United States Attorney Felice John Viti of the U.S. Attorney’s Office for the District of Utah made the announcement.
The case was investigated jointly by the Utah Division of Securities and the FBI Salt Lake City Field Office, Provo Resident Agency.
Assistant United States Attorney Mark E. Woolf of the U.S. Attorney’s Office for the District of Utah prosecuted the case.