SALT LAKE CITY Former Cedar Hills mayor Eric Richardson pleaded guilty to one count of bank fraud on Monday. He is scheduled to be sentenced on Nov. 13 and will likely spend a year in prison.
The documents do not list the names of the alleged co schemers but do say Richardson knew about the deceptions.
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does get it behind him and spends the rest of his life becoming the man he wants to be for his family.
Richardson's plea bargain also includes an agreement that he will spend 12 months and one day in prison. The court could opt to impose a different sentence; however, Richardson can withdraw his plea if the judge rejects the details of the plea bargain.
Valley" you are naive. If you think white collar crime is rare in "Happy Valley" you are naive. If you think this is unusual for any valley, you are naive. If you think residents of "Happy Valley" are surprised by this, you are naive. If you think this is the only county referred to as "Happy Valley" you are extra naive. I don't think you are naive. They almost seem to seek attention and be in the news and limelight even more. Those who are mortified Nike Air Vapormax Brown by their actions shy away from the public eye. As I read the D News, this guy seems ashamed. He resigned from public office and pleaded guilty wanting to get this behind him as privately and quickly as possible. I hope he Nike Air Max Uptempo 2 Urban Haze
Sarcasm from the usual suspects (sans Sir J.). Keeper if Nike Uptempo Red Chicago
Richardson could have faced up to 30 years in prison and a $1 million fine for the charge.
The court documents state that on Feb. 9, 2010, Richardson signed a bank loan for $57,144.90. The loan was for a 2009 Land Rover. The documents explain that Richardson's loan amount was higher than the price of the Land Rover. The illicit profit reportedly was going to be split by Richardson and the co schemers. The documents also state that he had taken out auto loans at other banks for a total of roughly $80,000 two weeks earlier and failed to disclose information about a mortgage on a rental property.
Richardson also will have to pay restitution for tens of thousands of dollars in illegally obtained auto loans, as well as $300,000 in attorney's fees.
Richardson was charged with one count of bank fraud in June, a few days after he resigned as mayor. The charging documents allege that the ex mayor operated a "scheme and artifice to defraud HeritageWest Credit Union."
Cedar Hills mayor pleads guilty to bank fraud
As part of a plea bargain, Richardson admitted to the scam. In court documents filed Monday, he confessed to an array of illegal activities including making false statements, allowing others to falsely inflate his income and failing to disclose a mortgage.
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