Rocky River entrepreneur defrauded employees, IRS out of nearly $1 million, feds…

CLEVELAND, Ohio — A Rocky River entrepreneur was indicted Wednesday and charged with misusing tons of of hundreds of dollars from staff at corporations the place he served as president and chairman, in accordance with the U.S. Lawyer’s Workplace.

C. David Snyder, sixty five, collected near $860,000 for payroll taxes from his staff in 2010 and 2012 whereas he was the president and CEO of Attevo, a know-how consulting firm based mostly in Cleveland. Whereas meant for the IRS, federal prosecutors say he didn’t give the federal government the payroll taxes.

Snyder can also be accused of embezzling greater than $one hundred thirty,000 type an worker retirement plan established for Attevo and Ruralogic, an organization based mostly in Bryan the place Snyder served as chairman and first shareholder, authorities stated.

He faces seven tax expenses and one rely of embezzlement from an worker retirement plan.

This story shall be up to date.

If you need to touch upon this story, please go to Wednesday’s crime and courts feedback part.

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