State v. Snyder

HALL, Chief Justice:

Defendant appeals his conviction of theft of funds invested in a condominium project. 1

In July 1979, defendant acquired a tract of land in Provo, Utah, for the purpose of developing it as a condominium project known as Temple Hills. Beginning in August 1979, defendant proceeded to presell condominiums to be built on the land. The project failed, the land was lost, and all of the investors’ funds were primarily expended on defendant’s unrelated ventures, which included a gold mine, a real estate agency, a house, and a shopping mall.

On October 7, 1983, defendant was charged…