Contact Us

Deposit Man Admits Stealing $700,000

An owner of a Binghamton payroll and human services company has admitted he stole more than $700,000 from the firm’s clients.

Prosecutors say 42-year-old William Stiles of Deposit has pleaded guilty to wire fraud and tax evasion.

Stiles entered the plea before Senior U.S. District Court Judge Thomas McAvoy.

While he was chief operating officer and part-owner of Aeden Waterford, Stiles acknowledged he stole money belonging to more than 100 clients.

The thefts happened over a five-year period, ending in late 2010.

Stiles stole money that was supposed to have been used to pay client employment withholding taxes. He instead deposited the funds into his personal bank accounts.

Stiles also admitted he evaded income taxes due on the stolen money.

Sentencing has been scheduled for December 21 in Binghamton Federal Court.

More from WNBF

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wnbf.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WNBF News Radio 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on WNBF News Radio 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!