Saturday, January 17, 2009

Wisconsin Man Sentenced To 6 Years In $3.7 Million Fraud Against Clients & IRS

Daniel LaMarch, 56, of Green Bay, Wisconsin and the former co-owner Title Services also based in Green Bay, was sentenced Wednesday to six years in prison and ordered to pay $3.7 million in restitution for tax and wire fraud. According to prosecutors, between March 2002 and February 2008, LaMarch diverted some $1.5 million in client escrow accounts for his own benefit. He also failed to pay payroll taxes of more than $500,000 and did not report more than $100,000 of his own income, according to the complaint. LaMarch owned the title insurance business with his wife, Kay LaMarch. He was originally charged with 20 counts of failing to pay payroll taxes and filing false tax returns.

Read the story here and here.

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