Font ResizeFollowing a three-day bench trial, the former CEO of the Children's Miracle Network was acquitted this week of stealing and misusing money at an insurance company he founded.
James Larry Hall II, 38, of Salt Lake City, was charged in 3rd District Court with six felonies for allegedly diverting $400,000 in insurance premiums from National Benefit Partner Insurance Agency to his personal account and using it to qualify for his home mortgage in 2003, according to charges filed in 3rd District Court.
The money was later returned.
Hall also was accused of diverting $325,000 from an insurance premium trust fund; $265,000 was used to pay off the balance of a loan for a company airplane, $50,000 went to construction on his house and $10,000 was used for personal expenses, the charges state.
But Judge Ann Boyden on Thursday found Hall not guilty on all counts.
Hall was charged with theft, two counts of unlawful dealing with property by a fiduciary and two counts of communications fraud, all second-degree felonies. He also was charged with one third-degree felony count of wrongful appropriation.
The alleged crime took place in 2003, three years before Hall was hired as CEO of the Children's Miracle Network. Hall resigned as the Children's Miracle Network CEO in September 2008, seven months after criminal charges were filed.
Based in Salt Lake City, Children's Miracle Network was founded in 1982 by the Osmond family,
