A former Intermountain Health Care executive was sentenced to up to 30 years in prison Monday for embezzling $2.6 million from the company.
Ralph J. Hansen, 53, Sandy, stole the money over the course of eight years from 1996 to 2004 while acting as the retirement fund manager for IHC.
In May, Hansen pleaded guilty to one count of money laundering and three counts of theft, all second-degree felonies.
In addition to his prison sentence, Hansen was ordered to pay restitution for both the $2.6 million and $215,000 in lost earnings to IHC.
Hansen originally told a 3rd District judge that he used the money to support charitable organizations, but Salt Lake County District Attorney Clark Harms said Hansen later retracted his statement.
Harms said Hansen was a man living outside his means. He used the money to support organizations like the Utah Salt Ratz, a local soccer team, and other groups that could conceivably be considered beneficial to the community but do not qualify as charities.
"It's not like Robin Hood. He was taking money that wasn't his to support a lifestyle that he derived personal satisfaction from," Harms said. "He spent a lot of the money on sponsoring different activities that his wife and his children were a part of.
"He derived satisfaction out of appearing like he had enough money to support other people's hobbies."Monday, the court ordered that Hansen's theft counts run concurrent and his money laundering count run consecutively. Harms said Hansen will serve a minimum of two years in prison, at which point it will be up to the State Board of Pardons to determine the rest of Hansen's sentence.
E-mail: [email protected]