Lawsuit Settled Between My Payroll HR and Pioneer Bank Over Fraud Scheme

The CEO of the former My Payroll HR, Michael Mann, has agreed to settle a lawsuit from Pioneer Bank.

It stems from a $42 million loan shortly before the Clifton Park business closed in August, leaving thousands across the country dealing with reversed paychecks and negative bank accounts.

But several other companies with a stake in the fraud scheme want to delay that settlement, saying Pioneer has illegally frozen millions in tax payments in a trust.Court documents say Mann owes Pioneer more than $35 million, $8,800 a day, for about 11 years.

Meanwhile, a woman who's created a Facebook page for the victims of the scam, Melanie O' Malley, says she and a lot of others have no idea when they might get their money back, or if they ever will.

Court has yet to approve the settlement.

Photo: WNYT

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