Get breaking news alerts via email

Click here to manage your alerts
Ex-Cedar Hills mayor faces felony charge

Allegations » After resigning Monday, he now is accused of bank fraud.

First Published Jun 27 2012 05:51 pm • Last Updated Jun 27 2012 06:21 pm

The former mayor of the Utah County town of Cedar Hills, who resigned his post this week, is facing a federal bank fraud charge

Eric A. Richardson, 38, resigned Monday but did not state why he was doing so. On Wednesday a felony information was filed in federal court in Salt Lake City. It alleges he defrauded HeritageWest Credit Union by helping to file a vehicle loan application containing false information with the intention of skimming off some of it for other uses.

Join the Discussion
Post a Comment

An information generally means a defendant agreed ahead of time to plead guilty. Richardson did not return a voice mail message, and a spokeswoman for the U.S. Attorney’s Office for Utah declined comment.

According to the information, Richardson signed a blank vehicle loan application in 2010 for $57,144.90 to purchase a 2009 Land Rover while knowing his partners would use it to falsely claim that he was earning $15,000 a month from a company he no longer was associated with. The actual sales price was less than the loan, and Richardson and the others skimmed off the difference, the information says.

Earlier this year, Richardson was sued by federal regulators for allegedly soliciting investor funds for commodities trading then fraudulently using some of it for personal expenses and doctoring accounts to cover losses.

Richardson’s name also came up in a fraud case involving Christopher D. Hales, who is serving a 7½-year federal prison term from a separate fraud case.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.