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SALT LAKE CITY — Federal prosecutors intend to drop all but three charges against a former Utah Transit Authority board member accused of misrepresenting his finances to the government.
Terry Diehl, a prominent real estate developer, would no longer face 11 charges related to a Chapter 11 bankruptcy organization if a grand jury accepts a new indictment prosecutors will present Wednesday, according to court documents.
Under the indictment, Diehl would be charged with false declaration, tax evasion and subscribing to and making a false tax return, court paper show.
Prosecutors allege Diehl tried to hide $1 million from the IRS that his company, Wasatch Pacific, received in 2011. He allegedly transferred the money to another business he manages and lied to his accountant about how he got it. He also is accused of failing to include income on his 2011 federal tax return.
Diehl earlier this year was charged with five counts of filing a false declaration and seven counts of concealing assets in connection with his bankruptcy. Prosecutors allege he misrepresented more than $1 million on a commuter rail land deal.
A judge last week denied Diehl's request for a bench trial in which the judge, rather than a jury, decides the case. Trial is scheduled to start Nov. 1.
