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Local News

April 26, 2013

Area man sentenced on fraud, tax charges

A Deposit man has been sentenced in connection with a wire fraud and tax evasion case, according to federal officials.

William P. Stiles, 43, of Deposit in Broome County, was sentenced to 24 weekends of incarceration and five years of supervised release for the felony crimes, U.S. Attorney Richard S. Hartunian announced in a media release Thursday.

Stiles was chief operating officer and part owner of Aeden Waterford Inc., a payroll and human services company in Binghamton. Stiles stole more than $500,000, which was to be used for employment withholding taxes, from about 100 business clients between November 2005 and November 2010, the release said.

U.S. District Court Judge Thomas J. McAvoy ordered Stiles to pay $64,466 in back taxes to the Internal Revenue Service and $529,607 in restitution.

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