Eastern Idaho man sentenced for $280,000 fraud
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POCATELLO — Matthew Lewis Udy of Idaho Falls was sentenced in U.S. District Court today to 27 months in prison and three years of supervised release for fraud and unauthorized use of an access device, according to a news release.
The 45-year-old also was ordered to pay $275,488.32 restitution to his victims. He had previously plead to the charge on Dec. 2, 2014.
According to the plea agreement, Udy was hired in December 2009, in Idaho Falls as a business and financial manager and was entrusted to handle his employer’s personal investments, rental properties, and other financial matters. From April 2011 through September 2013, Udy stole $150,346.52 from his employer related to his employer’s rental properties.
Additionally, during the same time period, Udy fraudulently used five credit card accounts belonging to his employer, using the accounts to make unauthorized personal purchases. Udy used the accounts to receive $130,189 in payments or other things of value, including gift cards and hotel rooms. When interviewed by law enforcement, Udy admitted to disguising fraudulent credit card transactions by mirroring legitimate transactions and only paying the accounts with his employer’s funds.
The case was investigated by the Idaho Falls Police Department and the United States Secret Service.