CEDAR CITY — A Cedar City man who pleaded guilty to second-degree felony theft of $650,000 from his employer was sentenced Thursday to one year in Iron County Jail as part of a plea agreement with the Iron County Attorney’s Office.
Nathan Brent Esplin was employed as the treasurer and chief accounting officer for Leavitt Group Enterprises, Cedar City Police Detective Tim Bonzo said in a probable cause statement. Esplin embezzled the money over a 10-year period by inflating and fabricating expense and travel reimbursements.
As part of his plea deal, Esplin will not be required to spend any time in prison, Iron County Attorney Scott Garrett said. Instead, he will be incarcerated within the Iron County Jail for a one-year term.
According to court documents, Esplin will have 30 days after sentencing to draft a letter indicating his life plan for the upcoming years. Once Esplin is released from jail, he will be required to complete 100 hours of community service and serve 36 months of probation.
Esplin was also required to pay $650,000 in restitution back to Leavitt Group Enterprises, Garrett said. He has since paid back $500,000 and Traveler’s Insurance paid an additional $150,000, making Leavitt Group Enterprises paid back in full.
As another condition of Esplin’s plea deal, he will have the option of a 402-reduction, Garret said. This means that after four years, if he has paid all his debts — including the $150,000 to Traveler’s Insurance — and complied with all other conditions of the deal, the charge of a second-degree felony could be reduced to a class A misdemeanor.
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