Businessman found guilty of embezzling nearly $1 million - WFMJ.com News weather sports for Youngstown-Warren Ohio

Businessman found guilty of embezzling nearly $1 million

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CLEVELAND (AP) - A jury has found an Ohio businessman guilty of embezzling close to $1 million in employee payroll taxes and retirement plans.

Cleveland.com reports 65-year-old C. David Snyder was found guilty Tuesday of embezzling from an employee pension fund and failure to pay taxes.

Prosecutors say Snyder collected nearly $860,000 in payroll taxes from his employees at Attevo, a now-closed technology consulting company based in Cleveland. He also embezzled more than $126,000 from a 401(k) and profit-sharing retirement plan for employees.

Prosecutors say Snyder used the money to renovate a pool, travel to resorts in Florida and buy women's clothing at high-end stores such as Nieman-Marcus.

His attorney has declined to comment.

Snyder's sentencing is scheduled for October.

Information from: cleveland.com, http://www.cleveland.com

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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