Payroll company owner pleads guilty to $4M fraud
Court Alerts
The co-owner of a payroll company pleaded guilty Wednesday to a scheme to defraud business clients of more than $4 million by diverting employee taxes to his personal use, federal officials said.
Stephen E. Taylor, 34, of Canton pleaded guilty to wire fraud and could be sentenced to up to 20 years in prison and fined $250,000 at sentencing June 27 in U.S. District Court, officials said.
U.S. Attorney David Nahmias said Taylor was co-owner of 20/20 Payroll Solutions, with offices in Georgia, Texas and Alabama.
"This defendant took advantage of more than 100 innocent business owners, including many mom-and-pop operations," Nahmias said. "He took the funds clients entrusted him with to pay their employees' taxes and used the funds instead for his own personal benefit.
'When his scheme spiraled out of control, he began using the funds of one client to pay for the taxes owed by other clients. In less than two years, he cheated his clients out of more than $4 million dollars," the prosecutor said
Related listings
-
Judge rules lawsuit in Ball State shooting can proceed
Court Alerts 04/18/2007[##_1L|1320081258.jpg|width="150" height="106" alt=""|_##]A federal judge says he won't dismiss a civil rights lawsuit filed against a former Ball State University police officer by the family of a student who was fatally shot by the officer. U-S Dis...
-
Federal judge rejects secrecy for AIPAC trial
Court Alerts 04/18/2007[##_1L|1217419614.jpg|width="90" height="119" alt=""|_##]A federal judge Monday refused a request to close portions of the upcoming espionage trial of two former American Israel Public Affairs Committee lobbyists because doing so would violate the de...
-
22-Year-Old Guilty In UIC Beating Death
Court Alerts 04/17/2007A Cook County jury convicted Mantas Matulis of second-degree murder Monday night in the death of Tombol Malik, a 23-year-old University of Illinois at Chicago student beaten to death with a bike lock in 2005. Prosecutors had brought first-degree murd...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.