Pennsylvania man Stephen Russo pled guilty to filing false tax returns and wire fraud after embezzling 2.79 million dollars from a previous employer. Russo was the company’s Director of Information Technology from 2013 to 2018 and had access to his employer’s credit cards and lines of credit, which he used to make unauthorized payments to companies he owned or controlled. He then used company funds to purchase items for personal use and that he sold, and had checks issued to companies he owned.
In 2017 Russo reported his taxable income as $18,579 when it was actually near one million dollars. Russo is looking at 23 years in prison as well as restitution, fines, supervised release and special assessments.