Idaho Falls realtor accused of grand theft, faces possible 84-year sentence

IDAHO FALLS, Idaho (KIFI)- A local realtor and contractor is facing multiple felony grand theft charges. Spencer Allred of Idaho Falls is accused of wrongfully taking $6,000 in cash from several individuals and businesses between Dec. 1, 2021 and May 30, 2023. A grand jury indictment against Allred was filed on May 5, 2026.

Allred pleaded not guilty to all six counts during his arraignment on May 20, 2026, in Bonneville County. The possible punishment for each count includes up to 14 years in prison, a $5,000 fine and restitution. If convicted, he faces up to 84 years behind bars and a $30,000 fine.

Allred is identified as a real estate agent with Keller Williams Realty East Idaho. He was also listed as an agent for LSA Development, LLC, which dissolved on Dec. 31, 2024. Allred was a defendant in previous court cases against LSA Development, LLC. Local News 8 has contacted one of the alleged victims and is expected to hear back from them soon.

A pre-trial conference is scheduled for July 29, 2026, in Bonneville County. The jury trial is set to begin on Aug. 31, 2026.