In a move to crack down on white collar crimes and corporate fraud, Utah Governor John Doe signed into law a series of measures on July 8, 2025, that will increase penalties for individuals convicted of financial crimes. The new legislation aims to hold perpetrators accountable and ensure that justice is served for victims of economic offenses.One key provision of the legislation is the establishment of mandatory minimum sentences for certain white collar crimes. This includes a minimum sentence of five years for embezzlement, ten years for securities fraud, and fifteen years for corporate fraud. The law also imposes significant fines for individuals convicted of these crimes, with penalties ranging from tens of thousands to millions of dollars, depending on the severity of the offense.Governor Doe emphasized the importance of deterring white collar crimes and ensuring that those who commit such offenses are held accountable for their actions. In a statement following the signing of the legislation, Governor Doe stated, "These new measures send a clear message that economic crimes will not be tolerated in Utah. We are committed to protecting our residents from financial exploitation and ensuring that justice is served for those who have been harmed by these unlawful activities."The new laws also aim to improve transparency and accountability in the financial sector by requiring companies to disclose more information about their financial dealings and practices. Additionally, the legislation includes provisions to strengthen whistleblower protections, encouraging individuals to come forward with information about potential financial crimes without fear of retaliation.The Utah Attorney General's office has welcomed the new legislation, highlighting the importance of cracking down on white collar crimes to protect consumers and investors. Attorney General Jane Smith stated, "These measures will help us hold financial criminals accountable and ensure that those who engage in fraudulent behavior face stiff penalties. By strengthening our laws and increasing enforcement efforts, we can better protect the people of Utah and uphold the integrity of our financial system."Overall, the enactment of these tougher penalties for white collar crimes marks a significant step towards improving accountability and justice in Utah's criminal justice system. With these new laws in place, authorities hope to send a strong message that financial crimes will not be tolerated in the state and that those who engage in such activities will face harsh consequences.