Eric A. Richardson, the former mayor of Cedar Hills in Utah, has pleaded guilty for his role in an auto loan application skimming case.
According to the U.S. District Court for Utah and local media reports, Richardson allegedly defrauded the $330 million HeritageWest Credit Union in Tooele, Utah, by helping people to submit vehicle loan applications containing false information. Some of the funds approved were then skimmed for other uses.
Richardson pleaded guilty on Monday to a federal bank charge, according to the U.S. District Court of Utah. He resigned as mayor of Cedar Hills on June 25.
A comment from HeritageWest was not immediately available.
The credit union serves more than 40,000 members.