Federal prosecutors have announced they intend to drop almost all charges against a former board member of the Utah Transit Authority, who stands accused of misrepresenting his finances to the government. Terry Deihl will no longer face 11 charges related to a Chapter 11 bankruptcy organization, provided a grand jury accepts a new indictment prosecutors will be presenting on Wednesday. Under the new indictment, Diehl will now be charged with making a false declaration, tax evasion, and making a false tax return.
Prosecutors have alleged that Diehl tried to hid $1 million from the IRS that his company, Wasatch Pacific, received in 2011. They claim he transferred the money to another business he owned, then lied to his accountant about how it was obtained. The trial is scheduled to begin on Nov 1.
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