Mogul sentencing postponed until October
Former Avon real estate agent Mark Mogul will have to wait until October for his sentencing.
Mogul, 44, pleaded guilty in June to stealing $351,000 from time-share sales in Edwards. On Wednesday, he appeared in Eagle County District Court for sentencing, but the hearing was continued to Oct. 8 because his pre-sentence report from the probation department wasn’t ready, said Assistant District Attorney Dave Moffat.
Mogul, who is free on $50,000 bond, has maintained his innocence. But he accepted a plea agreement from the Eagle County District Attorney’s Office in June that includes no jail if he pays $351,000 in restitution.
Mogul pleaded guilty to a class four felony theft charge that can carry two to six years in prison. The plea agreement also includes a guilty plea to a class two misdemeanor theft.
Mogul is accused of keeping $351,000 from time-share sales from Crescent Club Investors and Crescent Club Holdings in Edwards.
Mogul has agreed to pay $7,900 a month after his sentencing.
At the June hearing, Mogul said he was innocent and didn’t steal the money. He said he pleaded guilty because he didn’t want to risk going to trial.
Court documents show that Mogul also faces a civil lawsuit. Mogul said he has filed his own lawsuit against Crescent Club Investors and Crescent Club
Holdings in Edwards.
Eagle County sheriff’s deputies arrested Mogul last August and he was charged with two counts of theft. The illegal transactions began in August
2001. The case took about a year to investigate, police said.
Mogul, who had been working in the valley for several years, was supposed to keep the money in an escrow account and then turn it over to the owners
of the time-shares, police said.
Another white-collar crime case was resolved in July with the sentencing of Karen Sue Kaffka.
Eagle County District Judge Tom Moorhead sentenced Kaffka, the former chief financial officer of a local general contracting company, to 20 years probation for embezzling $2 million from the company.
Kaffka, 46, who now lives in Henderson, Nev., will also pay $864,000 in restitution to Sandy and Kathy Treat, owners of Edwards-based Summit Habitats.