A Deposit man was sentenced Thursday to 24 weekends in jail, and five years of supervised release, after being charged for felony wire fraud and tax evasion.
43-year-old William Stiles was the chief operating officer and part owner of Aeden Waterford Incorporated, a Binghamton payroll and human services company. Stiles stole more than $500,000 from approximately 100 business clients from 2005 to 2010.
The stolen money was supposed to be used to pay client employment withholding taxes, but instead was deposited into Stiles’ personal accounts. He also admitted to evading income taxes due to the stolen money.
Stiles has been ordered to pay over $64,000 in back taxes, along with over $529,000 in restitution to the victims of his crime.
