SALT LAKE CITY — Federal prosecutors again filed a new indictment against a former Utah Transit Authority board member Wednesday reducing the number of charges against him.
Real estate developer Terry Diehl is now accused of making a false declaration and filing a false tax return. The superseding indictment — the third since prosecutors initially charged him with five counts of filing a false declaration and seven counts of concealing assets in connection with his Chapter 11 bankruptcy reorganization — drops a tax evasion charge.1 comment on this story
Prosecutors allege he misrepresented proceeds from the sale of land to eBay in Draper adjacent a commuter rail stop.
Diehl tried to hide $1 million from the IRS that his company, Wasatch Pacific, received in 2011, according to the charges. 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.
Diehl has pleaded not guilty to the charges in previous indictments. He is scheduled to go to trial next week.