A former Sandy couple previously convicted of tax fraud pleaded guilty Tuesday to using someone else's personal information to apply for a bank loan.
Both dressed in jail jumpsuits and chains, Steven and Diane Christensen were led into a federal courtroom on Tuesday to each plead guilty to one count of bank fraud.
During the hearing, both admitted to applying for a bank loan to buy a car using the name of someone else in July 2004.
When sentenced June 10, the couple faces just over a year in federal custody.
Both were sentenced in October 2006 to serve more than three years in federal prison for tax fraud. Federal prosecutors said the couple were principals at various employee leasing and payroll businesses, including Wasatch Management Services, Paragon Business Solutions of America and Professional Staffing Advantages. The couple had admitted to diverting money set aside for employment taxes and used some funds for personal purchases between 1995 and 1996. Corporate funds were also used to build a large home and purchase luxury vehicles, stocks and jewelry.
The government estimated they cost the federal government from $1.5 million up to $5 million in lost tax revenue.In court Tuesday, the couple told U.S. District Judge David Sam that their time in prison has taught them an important lesson and that they looked forward to their son coming home from his Church of Jesus Christ of Latter-day Saints mission soon.
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