Thursday, November 11, 2010
Utah Man Charged With Embezzling $1.3 Million
Nathan Lee Kapp, 36, of Syracuse, Utah, was charged with one felony charge of mail fraud and four counts of money laundering for allegedly embezzling cash paid by truck driving students of C.R. England Trucking Co. where he had been employed as company controller. Beginning in January 2007, Kapp is alleged to have made numerous cash deposits of monies ranging from $5,000 to $20,000, intended for the company into his own person bank account at America First Credit Union. He reportedly used the funds to support his lifestyle, including purchasing a home, making home improvements and purchasing luxury vehicles. Kapp is being held in custody because "the defendant is a danger to the community," according to the court.