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Former Hi-Fi Shop Owner Pleads Guilty to Insurance Fraud

Former Hi-Fi Shop Owner Pleads Guilty to Insurance Fraud

Posted - Nov. 19, 2004 at 7:37 a.m.



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OGDEN, Utah (AP) -- Former Hi-Fi Shop owner Christopher Naisbitt has pleaded guilty to insurance fraud in a fire at the Riverdale store.

Naisbitt, 23, of North Ogden was accused of swindling the insurance company out of $385,000.

Sentencing was set for Jan. 5.

As part of the plea bargain, Naisbitt was ordered by 2nd District Judge Ernie Jones to turn over his Hi-Fi checkbook to prosecutors.

In return, prosecutors agreed not to file additional charges against Naisbitt for checks they believe he has floated in Las Vegas since he pleaded guilty Sept. 29 to a second-degree felony bad-check charge.

Naisbitt also pleaded guilty to another, unrelated bad-check charge filed this week.

Naisbitt was investigated after his insurance company became suspicious following the October 2002 fire.

Most of the alleged damage was from water and the adjusters suspected that after the fire, additional damage was caused by a hose to make it look worse than it was.

Naisbitt bought the store in early 2002 and sold it shortly after the fire.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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