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Man Pleads Guilty to Embezzling $2.6M From IHC

Man Pleads Guilty to Embezzling $2.6M From IHC

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SALT LAKE CITY (AP) -- A fired Intermountain Health Care employee accused of embezzling more than two-point-six (M)million dollars has pleaded guilty.

Fifty-two-year-old Ralph Jay Hansen of Sandy pleaded guilty to three counts of theft and one count of money laundering, all second-degree felonies.

Hansen was accused of using money earmarked for trust and retirement funds for his own personal gain. He worked as a retirement account-fund director from 1996 to 2004, when he was fired after federal and internal audits discovered the alleged thefts.

Prosecutors said Hansen spent the money on his mortgage, home improvements and travel.

Hansen faces up to 30 years in prison. He's sentencing is set for July 11th.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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