Ex-mayor of Cedar Hills ordered to prison on bank fraud charge

Nov 14 2012 - 11:06am

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Eric Richardson (Cedar Hills Mayor photo)
Eric Richardson (Cedar Hills Mayor photo)

SALT LAKE CITY -- A former Cedar Hills mayor has been sentenced to a year and a day in federal prison after pleading guilty to defrauding a credit union.

The Deseret News reports 38-year-old Eric Richardson said at Tuesday's hearing that he should have listened to his "dear, sweet, humble housewife" instead of working to falsify a loan application.

Richardson pleaded guilty to felony bank fraud in July. Court documents say he worked with accomplices to take out a loan for a Land Rover by using inflated income numbers and falsely claiming to be a manager with Bentley Equities.

Prosecutors say the loan was worth more than the vehicle, and Richardson planned to split profits with accomplices.

Richardson was also ordered to pay $110,000 in restitution and spend three years on supervised release.

 

 

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