A person is innocent until proved guilty, but that doesn’t mean Mayor Eric Richardson of Cedar Hills should not resign immediately.
His case is not one of innocence or guilt but of liability for civil damages arising from what federal authorities likened to a Ponzi scheme in futures trading that bilked investors of at least $1.3 million.
It may sound like fiction, but it is all too real surrounding city government in Cedar Hills.
Cedar Hills city recorder says she was forced out
CEDAR HILLS — One of three city officials here who resigned from their posts Tuesday said she was forced out of her job.
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Feds sue Cedar Hills mayor for alleged fraud
Commodities » Eric A. Richardson named for 2nd time with convicted swindler.
The mayor of the city of Cedar Hills in Utah County is being sued by federal regulators for allegedly soliciting investor funds for commodities trading then fraudulently using some of it for personal expenses and doctoring accounts to cover losses.
This is the second time the name of Mayor Eric A. Richardson, 38, has come up in a fraud case along with that of Christopher D. Hales, 31, who is serving a 7½-year federal prison term from a separate mortgage and bank fraud case….
…According to prosecutors:
• Hales, Richardson and two others bilked a Bosnian immigrant family who spoke little English out of their home in a scheme in which the family was loaned money to meet family financial emergencies but then, despite assurances to the contrary, their house was sold out from under them.
Read more: http://www.sltrib.com/sltrib/money/54036314-79/richardson-mayor-hales-font.html.csp