August 16, 2022

Utah legal professional who embezzled more than a quarter-million pounds from consumers is sentenced

A Salt Lake City law firm has been sentenced to federal prison following pleading guilty to individual bankruptcy fraud.

Eric Singleton, 56, was sentenced to a year and a day in federal prison, in accordance to a information release from the U.S. attorney’s office environment for Utah. Singleton was also requested to serve two years of supervised launch right after his prison expression finishes, and he’ll have to fork out $266,843 in restitution to his victims.

In August, Singleton pleaded guilty to embezzling money from two clientele. According to the U.S. attorney’s office, Singleton recommended individuals consumers to transfer roughly $288,000 to him to include $22,000 in attorney’s expenses.

He told the consumers he would hold the supplemental $266,000 “for safekeeping and to assure that the money would not be taken by collections” — then expended the cash himself.

Singleton then submitted a few different personal bankruptcy proceedings for the two customers and “falsely said to the courtroom and the trustee that these men and women experienced much less than $50,000 in assets” — even nevertheless $266,000 of their cash had been transferred to him.

In addition, Singleton submitted two of his own individual bankruptcy situations “in a continued exertion to … conceal that he experienced embezzled $266,000 from his clients and then spent the money.”

The FBI investigated the scenario, according to the news release.