 And finally, a 60-year-old Utah man was sentenced in federal court earlier this week to 29 months in jail after admitting to defrauding hundreds of investors out of over $10 million for his smartphone company known as Sega's. Now, according to the news release from the U.S. Department of Justice, it is the second time this year that Chad Leon Sayers has been sentenced for cheating other people out of money.