By Amy Macavinta, Logan Herald Journal
A Preston woman who created fraudulent loans at the financial institution where she was employed will spend 90 days in the Cache County Jail.
In 1st District Court on Monday, Deputy County Attorney Spencer Walsh said that Cindy Moser’s outstanding restitution is about $54,000 out of the $80,000 total in fake loans.
Moser, 53, pleaded guilty to theft, a second-degree felony, and to forgery, a third-degree felony in February.
Walsh recommended prison time for Moser because she did not come to court with a substantial amount of the money for repayment in hand.
However, Moser said she has already sold off many of her assets and has been in communication with the insurance company who insures her employer.
“We just don’t have a pile of cash,” said Moser’s attorney, Bryan Galloway.
Judge Kevin Allen suspended prison time for Moser and sent her to jail for 90 days instead. After 30 days of straight time, Moser will be eligible for work release and can begin payments toward restitution.
“This does not diminish the fact that I expect you to pay it back,” Allen said. “If the court hears that you have been going on vacation or buying toys then the court will be very concerned that you do not understand how serious this is.”
According to Galloway, Moser set up one primary account as well as some smaller accounts, and court records indicate the crimes took place between 2009 and 2013.
Powered by Max Banner Ads