RESIGNATION WITH DISCIPLINE PENDING
On September 27, 2004, the Honorable Christine M. Durham, Chief Justice, Utah Supreme Court, entered an Order Accepting Resignation with Discipline Pending concerning Todd R. Cannon.
In summary:
On March 18, 2004, Mr. Cannon entered a guilty plea to a charge of Conspiracy to Commit Offense or Defraud the United States. Mr. Cannon submitted a Petition for Resignation with Discipline Pending to the Utah Supreme Court on August 18, 2004. Mr. Cannon’s petition admits that the facts underlying his guilty plea constitute grounds for discipline.
Mr. Cannon participated in an ongoing conspiracy to promote and sell a fraudulent trust scheme designed to evade federal income taxes, defeat the lawful functioning of the Internal Revenue Service, and to fraudulently obtain money or property from United States citizens by use of the mails and wires.