North Carolina Man Sentenced To 10 Years For Massive $17 Million Embezzlement Conspiracy Scheme

From the Gaston Gazette on 12/15/15:

An Iron Station man will spend a decade in prison for laundering money to pay for strippers, jewelry, a Mercedes-Benz and a lavish home.

James William Staz, 44, was sentenced in federal court Tuesday.

Staz and his father, William “Bill” Staz were arrested on federal charges more than a year ago, and both later pleaded guilty.

The elder Staz died at the age of 72 in his Huntersville home in May while awaiting sentencing, and his charges were officially dismissed in court Tuesday.

Both men had already admitted in court to using their payroll company to take more than $17 million from clients over the course of seven years.

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