LAS VEGAS – A Las Vegas woman has been sentenced to more than five years in prison for federal tax evasion and wire fraud related to a payroll embezzlement scheme involving several companies.
Deborah A. DiFrancesco, 56, pleaded guilty May 29 to tax evasion and three counts of wire fraud. She also was sentenced to three years of supervised release and ordered to pay restitution of $3,823,543.70 to her client victims and pay the Internal Revenue Service $1,128,505.
U.S. District Judge James C. Mahan said that DiFrancesco’s actions cause a ripple effect of harm on victims as far as Utah. He also indicated it was unlikely she would ever earn enough to pay her victims back. She would have to work until the year 2307 to earn enough money to make her victims whole.
DiFrancesco embezzled more than $3.3 million from 23 small business clients through her company, Lakes Payroll, and used the embezzled funds for gambling and personal expenditures.
“Let me emphasize the government was not the only victim here,” said Paul Camacho Special Agent In Charge of the Internal Revenue Service, Criminal Investigation. “Mrs. DiFrancesco engaged in thievery by embezzling funds from her clients which were supposed to be used to satisfy payroll tax obligations. Her greed drove her to pilfer rather than ensure hard-working folks received credit for Social Security taxes paid”.
This case was prosecuted by the U.S. attorney’s office in Las Vegas with the assistance of IRS-Criminal Investigation.
– From news release