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LAS VEGAS (AP) — A 49-year-old Utah man who operated a title company in Nevada faces up to 20 years in prison after pleading guilty to embezzling nearly $4 million from company escrow accounts for his own personal use.
Christopher Durling of Sandy also could be fined up to $250,000 fine at his sentencing set for Aug. 11 in U.S. District Court in Las Vegas. The U.S. Attorney's Office said in a statement Friday he pleaded guilty to a single count of wire fraud on Wednesday.
Durling operated Direct Title Insurance Agency, which also had offices in Utah, Texas, Indiana and California.
Federal prosecutors say he devised a scheme to artificially inflate the balances of office trust accounts in order to cover shortages caused by his embezzlement of escrow funds from 2009 to 2011.