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Tuesday, September 21, 2010

Utah man pleads guilty to St. George bank fraud

A St. George man has pleaded guilty to embezzling $200,000 from a bank.Gavin Larkin, 35,faces up to 30 years in federal prison and a $1 million fine for stealing funds from U.S. Bank in St. George.He pleaded guilty Monday to one count of embezzlement and misapplication of bank funds.Larkin admitted that he approved a line of credit and a checking account under the name St. George Legal Documents, then drew funds from its line of credit, transferred them to a checking account and used them for personal expenses.U.S. Magistrate Judge Robert T. Braithwaite set sentencing for Dec. 7.

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