Steven S. Krell, 61, of Los Angeles, California, a former attorney and CPA, pleaded guilty to embezzling some $1,476,900 from two of his clients. Krell was originally arrested in October 2006 on the embezzlement charges and lost both his law and accountancy licenses. Under his guilty plea agreement, where Krell plead guilty to one count of "subscribing to a false tax return," he admitted that he siphoned funds from to client accounts over a period between 1997 and 2003 for his own purposes and failed to report it as income. During that time, Krell was associated with the accounting firm of Green Hasson & Janks LLP. Sentencing is scheduled for August 17 where he faces up to 3 years in prison, plus a fine of $250,000 and restitution.
Read the story here and here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment