Guilty plea in Silverthorne employee theft case |

Guilty plea in Silverthorne employee theft case

NICOLE FORMOSAsummit daily news

BRECKENRIDGE – A former employee of Kaupas Waters Labs in Silverthorne pleaded guilty Monday in District Court to stealing money from his employer over a nearly three-year period.In a plea agreement, David Lantz, 47, pleaded guilty to one count of felony 3 theft, while two other charges forgery and obtaining a signature by deception were dismissed.According to an arrest affidavit, Lantz siphoned about $260,000 from the company from Nov. 1, 2002, to Sept. 30, 2005. He was arrested on Oct. 28, 2005.Lantz told District Judge Terry Ruckriegle that he stole the money by forging checks, transacting illegal chargebacks on the credit card machine and paying his personal bills from his employers account. Lantz worked as the accountant for Kaupas Water during the time of the thefts.By pleading guilty, Lantz waived his right to a jury trial and his presumption of innocence in the case, Ruckriegle said during proceedings.The felony theft charge is punishable by four to 12 years in jail, $3,000 to $750,000 in fines and five years mandatory parole. Lantz will be sentenced on June 19.Nicole Formosa can be reached at (970) 668-3998, ext. 13625, or at

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