An insurance agent from West Valley City, UT has been served a five-year prison sentence for conspiracy to commit wire fraud, after he was found guilty of orchestrating an investment fraud scheme that targeted elderly clients.
Tony Scott Sellers, 62, was an insurance salesman licensed to do business in Idaho. According to court documents, Sellers – along with other co-conspirators – made material misrepresentations and omissions to sell “illiquid, highly speculative investment vehicles” from January 2011 through August 2017. These investment vehicles were sold and controlled by currently barred investment advisor Daryl Bank, among others.
