June 29, 2022

Salt Lake Metropolis attorney billed in federal court docket for embezzling $9.5 million from clients

A Salt Lake Metropolis legal professional faces federal rates for defrauding clients of thousands and thousands of bucks for more than 10 yrs, applying resources from the customers to fund what prosecutors called a “lavish life style.”

Prosecutors allege that Calvin Curtis, an estate attorney, lied to clients and misrepresented or omitted points to divert dollars from clients’ trusts for his personalized makes use of — together with to renovate his mansion in the 1100 East block of South Temple in Salt Lake City.

Curtis fraudulently diverted funds from at the very least 22 trusts, federal prosecutors said in a U.S. District Court docket submitting, embezzling more than $9.5 million considering the fact that 2008.

Curtis did not instantly return phone calls left at his office, searching for comment.

Outlined as an case in point in the court submitting, in 2016, Curtis offered true estate belonging to a customer — referred to as G.M. — for $9.2 million. He allegedly designed only $7.5 million available for the client’s care, and kept about $1.7 million for his own utilizes.

Curtis also is accused of lying to that client’s courtroom-appointed conservator, Stagg Fiduciary Solutions, at minimum 3 occasions, by providing wrong accounting for the have faith in though he was personally applying funds from the account.

He transferred dollars from that client’s investment decision accounts to her have confidence in accounts and then into his law agency account or his own checking accounts at Wells Fargo bank, prosecutors reported.

Curtis “used proceeds to assistance a lavish life style with regular travel, to purchase tickets to basketball and football online games, to give lavish items to many others and to guidance functions of his regulation organization,” courtroom files point out.

Curtis is billed with a single depend of wire fraud and just one rely of dollars laundering for his alleged actions.

If convicted, Curtis will have to hand over his residence and legislation office on South Temple — which has 9 bedrooms and eight comprehensive baths and is mentioned for sale for $2.5 million — as perfectly as any assets that can be traced to the crimes, income for residence that simply cannot be transferred and substitute house authorized by law.

Stagg Fiduciary, on behalf of a 79-yr-previous lady about whom it is conservator, and the woman’s guardian, Guardian Advocate Solutions, received a lawsuit last thirty day period against Curtis for these allegations. In that scenario, Decide William Kendall requested Curtis to pay out more than $12 million in damages. It is not obvious no matter whether the G.M. mentioned in the prison submitting is the identical man or woman outlined in the civil fit.