A Utah man pleaded guilty to wire fraud and money laundering in federal court Tuesday afternoon for his role in a fraud scheme he devised to obtain government construction contracts set aside for Service-Disabled Veteran-Owned Businesses.
Stanley Raass, age 44, of Lehi, Utah, was charged in a Felony Information filed Jan. 27, 2018. U.S. Magistrate Judge Dustin Pead accepted the guilty pleas to the two charges and set sentencing for May 23, 2018, before U.S. District Judge Tena Campbell. The plea agreement includes a stipulated sentence of 24 months which is subject to the approval of the court. He also agreed to a money judgment of $640,000.
SOURCE – READ THE FULL ARTICLE AT: https://www.justice.gov/usao-ut/pr/utah-resident-pleads-guilty-devising-scheme-obtain-construction-contracts-set-aside