News

Utah man convicted in kiosk scam

April 25, 2002

PROVO, Utah¾Jeffrey M. Jolley convinced investors to back his plan to install a network of kiosks in banks. The computers were supposed to warn bank customers of possible Y2K glitches.

There was just one problem ¾ Jolley didn't spend the money on kiosks. No kiosks were ever purchased.

Jolley, of Pleasant Grove, Utah, was sentenced to up to 15 years in prison for the scam in July 2000, according to the Deseret News in Salt Lake City, Utah. He was convicted of securities fraud and recklessness with an incendiary device. 

Second- and third-degree felonies respectively, Jolley, 45, pleaded no contest to the charges in March. Sentencing came after Jolley spent two months in a prison diagnostic unit. He was allowed credit for the time served.

Fourth District Judge John R. Anderson ordered Jolley to pay in excess of $105,000 in restitution.

Convicted of forgery and unlawful use of a credit card in 1997, Jolley was placed on probation for those convictions. Prosecutors said he was not repaying his victims.