Gavin Gabriel Larkin, 35, of St. George, Utah, pleaded guilty yesterday to one count of embezzlement and misapplication of bank funds for misappropriating some $200,000 from the St. George branch of US Bank where he had served as an officer. According to prosecutors, Larkin embezzled the funds over a period of about six months, from April 2008 to August 2008, by creating a fraudulent line of credit in the name of a phony business, St. George Legal Documents and transferred the funds to a checking account he controlled and then obtained cash or cashier's checks for his own personal benefit. He faces up to 30 years in prison, plus a fine of up to $1 million and restitution upon sentencing, scheduled for December 7.
Read the story here and here.
Update (12/9/10): Larkin was sentenced to 21 months in prison, plus 5 years probation. He was also ordered to pay $192,000 in restitution.
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