Monday, December 12, 2011

Former Utah Transit Authority Board Member Accused Of Embezzling More Than $2 Million

Terry C. Diehl, 56, of Salt Lake City, Utah, has been accused of embezzling more than $2 million from South Mountain L.C. and GEM/Group Estates Management Inc., two companies for which had served as president.  Diehl and his company, Wasatch Pacific, have been sued in civil court by the companies and their owner, Yoshimitsu Mugishima, accusing him of misappropriating the funds and placing them into a retirement fund for his own benefit.  The funds were part of a 2009 land deal and the transfers made over a three month period in late 2009.

Read the story here.

No comments: