By Dennis Romboy, Deseret News / Published: Monday, July 23 2012 9:29 p.m. MDT
SALT LAKE CITY — Former Cedar Hills Mayor Eric A. Richardson appears headed for prison after admitting in federal court Monday that he falsified a loan application as part of an equity skimming scheme. 
In an agreement with federal prosecutors, Richardson pleaded guilty to one count of felony bank fraud before U.S. Magistrate Judge Paul Warner. In return, prosecutors agreed to recommend the 38-year-old man spend 12 months and one day behind bars. The additional day allows him the opportunity to be released early for good behavior.
For more see… http://www.deseretnews.com/article/865559454/Ex-Cedar-Hills-mayor-appears-headed-for-prison-after-admitting-bank-fraud.html and http://www.ksl.com/?nid=148&sid=21383424
Ex-Cedar Hills mayor pleads guilty to bank fraud
SALT LAKE CITY — Former Cedar Hills mayor Eric Richardson pleaded guilty to one count of bank fraud on Monday. He is scheduled to be sentenced on Nov. 13 and will likely spend a year in prison. 
Ex-mayor pleads guilty to bank fraud
By Tom Harvey | The Salt Lake Tribune
First Published Jul 23 2012 06:34 pm • Last Updated Jul 23 2012 06:34 pm 
The former mayor of the Utah County city of Cedar Hills pleaded guilty on Monday to a federal bank fraud charge.
For more see… http://www.sltrib.com/sltrib/money/54541889-79/richardson-fraud-federal-hales.html.csp