A man has been sentenced to five years probation and ordered to pay restitution for taking $61,000 from the retirement fund of his wife's grandmother.

The Utah Attorney General's Office said Tuesday that David C. Young, 30, pleaded guilty in 3rd District Court to three counts of third-degree felony forgery, theft and pattern of unlawful activity. In a statement, the attorney general said Young was a securities agent and persuaded his wife's grandmother to put $128,000 into a variable annuity contract.

Over the next year, the attorney general's office said, Young forged signatures on withdrawal slips and used the money to make car payments, pay off personal debts and buy an ATV.