A Salt Lake Metropolis attorney has been sentenced to federal prison after pleading responsible to individual bankruptcy fraud.
Eric Singleton, 56, was sentenced to a yr and a working day in federal prison, according to a news release from the U.S. attorney’s business office for Utah. Singleton was also purchased to serve two decades of supervised release after his jail phrase finishes, and he’ll have to pay out $266,843 in restitution to his victims.
In August, Singleton pleaded guilty to embezzling funds from two customers. In accordance to the U.S. attorney’s business, Singleton recommended people shoppers to transfer roughly $288,000 to him to address $22,000 in attorney’s charges.
He advised the clientele he would maintain the extra $266,000 “for safekeeping and to be certain that the cash would not be taken by collections” — then used the revenue himself.
Singleton then filed a few independent individual bankruptcy proceedings for the two consumers and “falsely said to the courtroom and the trustee that these people experienced considerably less than $50,000 in assets” — even however $266,000 of their income had been transferred to him.
In addition, Singleton submitted two of his personal personal bankruptcy cases “in a ongoing exertion to … conceal that he had embezzled $266,000 from his purchasers and then spent the funds.”
The FBI investigated the situation, in accordance to the news launch.