Aaron Wagner, a Utah-based property developer who presented himself as a successful "ultrapreneur," has pleaded guilty to federal charges of conspiracy to commit money laundering, conspiracy to commit fraud, and bank fraud. Wagner, 44, admitted to using investor funds intended for property projects to finance his extravagant lifestyle, which included a $5.3 million mansion, a private jet, and luxury vehicles.
Wagner's estranged wife, Candace Wagner, detailed the fallout of his crimes in an interview with the Daily Mail, describing their acrimonious divorce proceedings and the financial devastation left in the wake of his indictment. She stated that she was unaware of her husband's criminal activities until federal authorities intervened.
Financial Deception and Lavish Spending
For years, Wagner projected an image of immense success, frequently showcasing his wealth on social media. He boasted about his opulent home in Alpine, Utah, a private jet, and a collection of high-end cars. His company, Wags Capital, was presented as the source of his fortune. However, court documents revealed that Wagner was diverting cash from investors for one development project to cover the expenses of another, and to fund his personal spending.
Divorce and Legal Ramifications
Candace Wagner filed for divorce in June 2024, shortly after her husband was indicted. She noted that the divorce proceedings have been ongoing for 26 months and have become increasingly fraught, with Wagner allegedly resisting settlement even as he faces significant prison time. "He’s just been dragging [the divorce] out as long as possible," she said.
Court papers indicate that Wagner has been granted limited visitation rights, with only three hours of custody with his seven children per week. The situation has led to protective orders against Wagner for both Candace and their children. The former couple are now required to communicate solely through an intermediary, and are prohibited from going within 100 yards of each other's homes.
Candace Wagner expressed sympathy for the victims of her husband's scheme, stating that she too has suffered financially. "Financially I was left without access to any of the marital estate so my kids and I had to relocate with family in another state," she explained. The former family home, a mansion in Alpine, Utah, is reportedly in Candace's name.
Wagner pleaded guilty to three charges as part of a plea deal, with the original indictment containing 16 charges. He faces a sentencing hearing in November, where he could receive up to 80 years in prison. Lawyers for Aaron Wagner declined to comment when contacted by the Daily Mail.
