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TexasTowelie

(111,322 posts)
Tue Jun 25, 2019, 10:19 PM Jun 2019

Mountain Top Accountant Sentenced To Seven Years Of Imprisonment For Laundering Nearly $1.4 Million

Mountain Top Accountant Sentenced To Seven Years Of Imprisonment For Laundering Nearly $1.4 Million And For Failing To Report Over $800,000 To The IRS


SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that on June 24, 2019, United States District Court Judge James Munley sentenced Adam Kamor, age 44, to seven years of imprisonment and three years of supervised release, for committing money laundering and tax evasion.

According to United States Attorney David J. Freed, Kamor worked as a Certified Public Accountant and operated the accounting business Decker Accounting LLC in Wilkes-Barre, Pennsylvania. From October 2014 to January 2018, Kamor embezzled approximately $1,384,000 from one of his clients, a non-profit organization, by shifting the funds through a series of accounts under his control. Kamor used the embezzled funds for his own personal benefit, primarily to gamble at the Mohegan Sun Pocono casino.

Kamor also failed to report a total of $804,365.73 in income between tax years 2014 ($110,607.08), 2015 ($315,224.71), and 2016 ($378,533.94). Kamor filed false Form 1040 Individual Income Tax Returns for each of those tax years.

The United States seized $32,443 of the remaining embezzled funds, which will be returned to the victim of Kamor’s crimes. Judge Munley ordered Kamor to pay additional restitution of $1,353,244.56 to his victim, and $241,623 to the IRS, to satisfy his outstanding tax obligation. In pronouncing the sentence, Judge Munley highlighted the serious nature of the offense, and interests in sending a deterrent message to like-minded criminals.

Read more: https://www.justice.gov/usao-mdpa/pr/mountain-top-accountant-sentenced-seven-years-imprisonment-laundering-nearly-14-million
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