PROVO — Jeffrey M. Jolley conducted one too many scams and wasn't doing enough to repay his victims.
Last week a 4th District judge sent the Pleasant Grove man to prison for up to 15 years for convictions of securities fraud and recklessness with an incendiary device.
In March, Jolley, 45, pleaded no contest to the two charges, one a second-degree felony and one a third-degree felony. Besides the prison time, Judge John R. Anderson also ordered Jolley to pay more than $105,000 in restitution.
Jolley was also convicted in 1997 of forgery and unlawful use of a credit card. He was placed on probation for those convictions, but prosecutors said he wasn't repaying his victims.
In his latest crime, county white-collar crime investigators said Jolley persuaded investors to help finance a venture where he was supposedly going to install a network of kiosks in banks to inform customers of potential Y2K problems. However, the kiosks were never purchased and the money Jolley obtained from investors was spent elsewhere.
Jolley was sentenced after spending two months in the prison's diagnostic unit. Anderson said Jolley can have credit for the diagnostic time.