Man pleads guilty, again, in fraud case

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PARK CITY -- A Park City man accused of fraud has admitted to his crimes.

Jeffrey Geddes pleaded guilty Monday to 52 fraud charges for a scheme that involved taking out a $30 million line of credit for a company that didn't exist.

It's the second time he's made the plea.

Geddes pleaded guilty last fall to 56 counts of fraud and remained out of jail but wore an ankle monitor while awaiting sentencing. Geddes took off his ankle bracelet, faked his own suicide and disappeared. U.S. marshals tracked him down in San Diego and arrested him June 30.

This time, Geddes will be held in jail until he is sentenced in January. He faces more than 30 years in prison and $1 million in restitution.

He also pleaded guilty Monday to failure to appear at his original sentencing.

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