Friday, July 13, 2007

Balt. Accoutant Sentenced to Jail in Obesity Scam

Longtime Baltimore accountant Wilkins McNair Jr. was sentenced Wednesday to just over four years in prison on fraud and money laundering charges.
McNair, the 49-year-old former owner of Wilkins McNair P.C., will spend 51 months in prison. He pleaded guilty to wire fraud, tax fraud and money laundering in November.
Prosecutors charged that he embezzled more than $1.3 million entrusted to him by investors in an obesity treatment clinic. He also avoided paying more than $550,000 in business and personal taxes, both by delaying the filing of tax returns for years and by underreporting the amount of tax owed, prosecutors said.
more here

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