Former Quechee man admits to $1.2 million payroll embezzlement scheme

[TexasTowelie]

by Anna Merriman


RUTLAND — A former Quechee resident has admitted to embezzling $1.2 million from clients of a family-owned payroll services and tax firm in West Lebanon.

Several of the victims, who ran small businesses in the Upper Valley, plan to speak at his sentencing hearing in the spring, according to prosecutors.

During a hearing at the U.S. District Court in Rutland on Thursday, Ryan Wall, 41, pleaded guilty to one count of wire fraud for the offense, which prosecutors said occurred over a period of six years.

By agreeing to the plea deal, Wall is consenting to a $1.2 million money judgment against him. The wire fraud charge also carries a maximum of 20 years in prison, three years of supervised release and a $250,000 fine. Chief Federal Judge Geoffrey W. Crawford set the sentencing for April 20.

Read more: https://vtdigger.org/2019/12/20/former-quechee-man-admits-to-1-2-million-payroll-embezzlement-scheme/

[heckles65]

1. Embezzlement:

the state sport of Vermont.