Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, North America

MyPayrollHR’s ex-CEO found guilty of bank fraud, sentenced to 12 years imprisonment in multi-million dollar ruse

By Kavya Kothiyal for AMLi

Former chief executive officer of MyPayrollHR’s parent company, Michael T. Mann was sentenced to 12 years in prison for running a bank fraud scheme

The US Department of Justice revealed the bank fraud has reportedly caused more than $100 million in losses and misappropriated millions of dollars entrusted to payroll companies he owned.

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