Minnesota man sentenced in MyPayrollHR fraud scheme that affected Capital Region
A Minnesota man is the latest to be sentenced in connection with the $100 million MyPayrollHR fraud scheme.
Luke Steiner, 35, will spend two years of probation and pay nearly $13 million in restitution for conspiring with Michael Mann to defraud companies that loaned them millions of dollars.
Steiner pleaded guilty to one count of conspiring to commit wire fraud.
The bank fraud scheme impacted thousands of businesses and people across the country, including in the Capital Region.
Mann was sentenced in 2021 to 12 years in prison on federal charges and eight to 24 years on state charges.
A third defendant in the case, Derek Schwartz, 54, of Texas, pleaded guilty om September. He’s due to be sentenced in January.