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Former MyPayrollHR CEO pleads guilty to 12-count indictment

WNYT Staff
Updated: August 12, 2020 12:38 PM
Created: August 12, 2020 11:30 AM

Former MyPayrollHR CEO Michael Mann, accused of committing millions in bank fraud, has pleaded guilty to a 12-count indictment Wednesday.

In a plea agreement reached with the government, Mann admitted during a virtual court appearance that he was guilty of wire fraud conspiracy, aggravated identity theft, bank fraud, and false tax filing.

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The U.S. attorney said Mann stole between $65 million and $124 million in an elaborate nationwide swindle that involved banks, financial institutions, and individual payroll accounts.

In the plea deal, Mann agreed he owed $101 million in restitution.

Mann will remain free until his sentencing on December 10. He faces up to decades in prison.

This is a developing story. NewsChannel 13's Dan Levy will have updates starting on Live at Noon. 


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