In San Antonio today, former Watermark Group comptroller Monica R. Richardson, age 39, was sentenced to 37 months in federal prison followed by three years of supervised release in connection with an embezzlement scheme underlying her failure to remit company withholding taxes announced United States Attorney Robert Pitman and Internal Revenue Service--Criminal Investigation Special Agent in Charge Steven McCollough.
In addition to the prison term, United States District Judge Orlando Garcia ordered that Richardson pay $65,551.34 restitution to the Internal Revenue Service-the amount of personal tax due based on her embezzled income. Judge Garcia also ordered Richardson to report to federal authorities on or before Oct. 15, 2014, to begin serving her prison term.
In July 2013, Richardson pleaded guilty to one count of failure to account for and pay payroll taxes. By pleading guilty, Richardson admitted that she stole over $287,000 from Watermark and caused Watermark to fail to account for and pay the Internal Revenue Service payroll taxes due.
This case was investigated by the Internal Revenue Service-Criminal Investigation and prosecuted by Assistant United States Attorney William R. Harris.
Source: U.S. Department of Justice, Office of the United States Attorneys
