CEDAR CITY – A Cedar City man was arrested Monday after stealing nearly $700,000 over a 10 year period.
Nathan Brent Esplin, 39, is being charged with theft, a second-degree felony after stealing $682,342.55 from his employer, Leavitt Group Enterprises, dating back to 2005.
According to the probable cause statement filed in support of the arrest, Esplin was employed as the treasurer and chief accounting officer for the organization.
In March 2014, an employee of Leavitt Group Enterprises came upon several discrepancies in reported travel expenses, Cedar City Police Detective Tim Bonzo said in the statement.
After further investigation over several weeks, strong evidence was provided to show that Esplin had been inflating and fabricating expense reimbursements for personal gain.
An internal audit was conducted identifying thefts and embezzlements that had taken place over a number of years, Bonzo said. Esplin had been stealing money by overstating business expenses, duplicating submissions for reimbursement and being reimbursed for personal expenses that he claimed were business related.
Each year Esplin continued to steal, and the amounts he allegedly took increased, for example: In 2005, it was $567.53 and in 2013 it was $186,517.48.
Esplin was booked into jail Monday with a bail of $100,000.
Persons arrested or charged are presumed innocent until found guilty in a court of law or as otherwise decided by a trier-of-fact.
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