Grand jury adds two more charges against high-rolling developer Terry Diehl
“Federal prosecutors say Diehl was paid $1 million for consulting services on the sale of the eBay property in November of 2011. That money went to his Wasatch Pacific accounts and was classified as “proceeds from the sale of assets,” court papers say.
But Diehl allegedly later directed a staff accountant to move the funds to an account for a separate company, Skyline Ventures Group (SVG). On paper, SVG was owned by his daughters, the indictment states. In that account, the funds were reclassified as “management fees,” prosecutors say.
“
Utah Standard News depends on the support of readers like you.
Good Journalism requires time, expertise, passion and money. We know you appreciate the coverage here. Please help us to continue as an alternative news website by becoming a subscriber or making a donation. To learn more about our subscription options or make a donation, click here.
To Advertise on UtahStandardNews.com, please contact us at: ed@utahstandardnews.com.
Comments - No Responses to “Grand jury adds two more charges against high-rolling developer Terry Diehl”
Sure is empty down here...