Woman Admits Gambling Embezzled Money


Originally posted on CBS Las Vegas:

LAS VEGAS (AP) — A Las Vegas woman accused of embezzling $3.4 million from the clients at her payroll company and using the money for gambling has pleaded guilty to tax evasion and wire fraud.

Internal Revenue Service officials say 55-year-old Deborah DiFrancesco entered the plea this week to one count of tax evasion and three counts of wire fraud.

Authorities say she told her clients that their money had been forwarded to the proper agencies, including the IRS. But the IRS says she actually prepared a second set of forms that understated the tax obligations of her clients, and she pocketed the difference.

Officials say DiFrancesco used the funds, taken between 2009 and 2011, for personal expenses.

She’s been ordered to pay nearly $5 million to her clients and the IRS.

Copyright 2013 The Associated Press.

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