SALT LAKE CITY -- A 39-year-old Layton man who used his employer's funds to trade stocks has been sentenced to serve 18 months in a federal prison.
Paul R. Beckwith pleaded guilty to wire fraud. U.S. Judge Ted Stewart also ordered Beckwith to pay $178,800 in restitution to TheraDoc Inc., a hospital software-related services company in Salt Lake City.
Beckwith admitted that from August 2009 to September 2010 he moved hundreds of thousands of dollars out of an operating account he managed for the company, according to a news release from the U.S. Attorney's Office.
In the beginning, Beckwith was making money and would replace the funds by the end of the month.
During August 2010 and September 2010, he transferred $1.3 million from the operating account to cover his losses. He helped law enforcement recover