Fraud and Tax Evasion Conviction
4/25/2013 (Updated 10:29:59 PM)It's 24 weekends of jail, and five years supervised release for a Deposit man who's admitted to stealing more than $500,000 from 100 business clients.
43 year old William Stiles stands convicted of both fraud and tax evasion.
Prosecutors say Stiles committed the crimes while he was CEO and part owner of Aeden Waterford Incorporated.
The money stolen by Stiles was supposed to be used to pay client employment witholdiong taxes, but instead, he deposited the money into personal bank accounts.
In addition to the sentencing, Stiles must pay back taxes to the IRS, and restitution to his victims.
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