A Utah man has been sentenced to pay $95,000 in restitution for his conviction for violating Kansas Securities Laws. Fifty three year old Dean Loren Casutt, of Alpine, Utah, was sentenced Wednesday by Miami County District Court Judge Amy Harth to 24 month probation and ordered to pay the restitution for his conviction to two counts of Securities Faud. He agreed to pay the restitution in full at the time of sentencing.
Casutt plead guilty on March 3rd to charges he violated the Kansas Securities Act when he solicited investment from a Miami County resident for the rehabilitation of property in Utah. He made misleading statements as to the nature of the investment and omitted material facts regarding his finances in violation of Kansas law.
