A Kaysville accountant has been indicted by a federal grand jury and accused of stealing more than $2.5 million from 2 charter schools and using the money to pay for trips, home improvement projects and cosmetic surgeries for his wife.
SALT LAKE CITY — A Kaysville accountant has been indicted by a federal grand jury and accused of stealing more than $2.5 million from two charter schools and using the money to pay for trips, home improvement projects and cosmetic surgeries for his wife.
Arnold was an accountant for Academica West Services from 2015 until about June 2022. The company provides services for charter schools such as "bookkeeping, reporting and payroll assistance, tax compliance, financial reporting and contract negotiations," according to the indictment. Arnold also was a co-owner and the registered agent of Upper Limit Innovation. Ascent Academies of Utah has schools in Lehi, Saratoga Springs, West Jordan and Farmington. North Davis Preparatory Academy is in Layton.
Investigators say the money was then transferred into a bank account in the name of Upper Limit Innovation.
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