Indicted ex-Utah Transit Authority board member now faces tax evasion charges
SALT LAKE CITY — Federal prosecutors have slapped more charges on a former Utah Transit Authority board member already accused of misrepresenting his finances in bankruptcy filings.
Terry Diehl, a Utah real estate developer, now faces charges of tax evasion and filing a false tax return, according to an indictment unsealed Wednesday.
The indictment alleges that 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.
An arraignment on the new charges is set for Nov. 1 in U.S. District Court.
Diehl is scheduled to be in court Oct. 12 for a hearing on pending motions related to five counts of filing a false declaration and seven counts of concealing assets in connection with his Chapter 11 bankruptcy reorganization. Prosecutors allege he misrepresented more than $1 million on a commuter rail land deal.
Read more: https://www.deseretnews.com/article/865690370/Indicted-ex-UTA-board-member-now-faces-tax-evasion-charges.html