Holladay man gets 5 years for bank fraud scheme

A Holladay man who ran a bank fraud scheme in which he would bounce checks after offering lines of credit or attempting to buy stock pleaded guilty in federal court Tuesday. Shaun Gregory Morgan, a native of New Zealand, pleaded guilty to one count of bank fraud before U.S. District Judge Dee Benson. The judge said he had spoken with attorneys for both Morgan and the government and they had agreed on a five-year sentence, followed by a supervised release term of another five years. Morgan was also asked to forfeit any property gained from his criminal acts. Posted in: Check Fraud