The owner of Clifton Park-based My Payroll HR, Michael Mann enters a guilty plea to federal charges. Mann admitted to 12 different charges including bank fraud, identity theft and filing false tax records.
Department of Justice officials had accused Mann of fraudulently obtaining $70 million dollars in loans from banks and other financial institutions in 2010 and 2011. The company abruptly closed in September of last year, resulting in thousands of workers at hundreds of companies locally and around the country finding their direct deposits reversed on their paychecks, and in some cases more than once, leaving some workers with negative bank balances.