SALT LAKE CITY – Timothy Sean Edgar, a 44-year-old resident of Farmington, Utah, found himself facing serious consequences after admitting to a massive embezzlement scheme. On Thursday, he was sentenced to prison for diverting over a million dollars from his small business job.
Edgar made a guilty plea to charges of wire fraud and money laundering. Judge Howard C. Nelson Jr. delivered the sentence, which includes 18 months behind bars, three years of supervised release, and an obligation to repay a staggering sum of $1,778,251 to his victim, according to the U.S. Attorney’s Office District of Utah.
From 2021 to October 2024, Edgar devised a plan to pilfer approximately $1.7 million from his employer, a small business based in Utah. He held a sales position and took advantage of it by fraudulently creating a new sales channel via an online marketplace. Edgar accessed the vendor portal and rerouted automated clearing house payments directly into his personal bank account, using his credit card to reimburse his employer afterward.
This case stemmed from a joint investigation involving the IRS Criminal Investigations division, the FBI Salt Lake City Field Office, and the North Salt Lake City Police Department.
Wire fraud is defined as using electronic communications, such as phone calls or emails, to illegally transfer money across state lines.
