User Login    
 + Register
News : Chillicothe Couple Plead Guilty To Theft, Money Laundering, False Tax Return
Posted by Randy on 2014/2/14 4:19:22 (689 reads) News by the same author

KANSAS CITY, Mo. – A Chillicothe, Mo., husband and wife pleaded guilty in federal court today to charges involving the wife’s embezzlement of nearly $4 million from her employer and their jointly filing a false income tax return not claiming the income from the wire fraud scheme.
Click to see original Image in a new window

Donna M. Preszler, 60, and her husband, Terrance W. Preszler, 63, both of Chillicothe, pleaded guilty before U.S. Magistrate Judge Robert E. Larsen. Donna Preszler pleaded guilty to wire fraud, money laundering and filing a false income tax return. Terrance Preszler pleaded guilty to filing a false income tax return.

Donna Preszler was employed at Burdg, Dunham & Associates Construction Corp. (BDA) in Hamilton, Mo., from 2001 until June 2012, working as an accounting manager since 2004. BDA is a general contractor specializing in retail construction of malls, strip centers, family life centers, and other stand-alone projects. BDA serves customers in all 50 states, Puerto Rico and Canada, primarily building for national retail organizations.

Donna Preszler admitted that she embezzled $3,912,000 in a wire fraud scheme that lasted six years, from June 30, 2006 through June 15, 2012. She also admitted that she conducted financial transactions that involved the proceeds of her criminal activity.

Donna and Terrance Preszler each admitted that they failed to report the fraudulently obtained funds on their federal income tax returns for tax years 2007 through 2012. During that time, the Preszlers filed their federal income tax returns jointly and should have paid $1,236,690 in taxes on their unreported fraudulent income from BDA. For example, the Preszlers claimed their income in 2012 was only $46,863. Including the embezzled funds, according to today’s plea agreements, their income was actually $851,863 and they should have paid an additional $253,641 in taxes.

Donna Preszler utilized her role as accounting manager to add false and fictitious non-taxable payments, such as expense reimbursements, to herself. Donna Preszler transferred approximately $3,912,000 in fraudulent payments to herself and her family.

Donna Preszler also added false and fictitious overtime hours and overtime pay to her weekly payroll. Donna Preszler received $137,121 in unauthorized overtime payments to herself from November 2004 through June 2006, which were subject to BDA withholding income taxes.

Donna Preszler concealed her transfers by password protecting her payroll information, creating false and fictitious expense accounts and otherwise manipulating BDA’s payroll and accounting records.

Under the terms of today’s plea agreements, the Preszlers must forfeit to the government any property derived from the proceeds of the criminal violations, including a money judgment of $3,912,000, two residential lots, two 14kt diamond rings, 10 vehicles (a 2007 Ford Taurus, a 2007 Mazda CX-7, a 2011 Nissan Versa, a 2010 Nissan 370Z, a 2011 Ford F150, a 2010 Ford F150, a 2010 Ford Escape, a 2012 Ford Explorer and a 2012 Nissan Rogue), three 2011 Yamaha ATVs and several bank accounts and funeral trust accounts. Most of those items have been seized by law enforcement agents.

Under federal statutes, Donna Preszler is subject to a sentence of up to 33 years in federal prison without parole, plus a fine up to $600,000 and an order of restitution. Terrance Preszler is subject to a sentence of up to three years in federal prison without parole, plus a fine up to $100,000 and an order of restitution. Sentencing hearings will be scheduled after the completion of a presentence investigation by the United States Probation Office.

This case is being prosecuted by Assistant U.S. Attorney Jess E. Michaelsen. It was investigated by the FBI and IRS-Criminal Investigation.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/10/20 10:41:48 - Bosworth Resident Injured After Losing Control Of Vehicle
2014/10/20 10:38:13 - Meadville Resident Injured In Friday Morning Accident
2014/10/20 10:34:46 - Grundy County Circuit Court Holds Busy Session
2014/10/20 10:26:44 - Missouri Days Parade And Band Competition Results
2014/10/20 4:45:39 - Police: Toddler Beaten And Choked To Death For Soiling Pants
2014/10/20 4:40:49 - Obamacare And Wal-Mart Whack Part-Timers' Health Plans
2014/10/20 4:26:58 - Woman Rescued From Chimney Belonging To Man She Met Online
2014/10/20 4:15:33 - Missouri To Vote On Teacher Evaluation Changes
2014/10/20 4:09:23 - Hiker Found Dead Near Central Missouri Creek
2014/10/20 4:04:13 - Expelled Nazis Paid Millions In Social Security
2014/10/20 4:00:49 - Rams Fans And Ferguson Protesters Clash After Rams Game
2014/10/20 3:55:32 - Experts Say Stinging Caterpillars Rare In Missouri
2014/10/17 5:22:23 - Student Fakes Ebola; Did Not Want To Be Dropped From Class
2014/10/17 4:35:42 - Backpack Buddies Receives Grant From ConAgra
2014/10/17 4:28:23 - Authorities: Woman Jumped With Kids, Killing 1
2014/10/17 4:24:14 - Archaeologists Unearth Set Piece From 'Ten Commandments'
2014/10/17 4:15:46 - Police: Missouri Woman Gave Baby To Drug User
2014/10/17 4:13:50 - Man Claims He Found Mouse In Coffee Cup
2014/10/17 4:09:10 - Elected Official Calls Congresswoman 'Ugly As Sin'
2014/10/17 4:05:31 - Gerald Police: Motorist Spots Mountain Lion
2014/10/17 4:00:29 - Livingston County Sheriff Reports On Transports To Department Of Corrections
2014/10/17 3:56:38 - Several Streets To Be Closed For Missouri Day Parade
2014/10/16 10:43:01 - Salvation Army To Provide Food Baskets, Toys For Grundy County
2014/10/16 10:40:12 - Pie Baking Contest, Food Demonstrations Friday At Missouri Days Festival
2014/10/16 10:35:18 - Trenton Resident Arrested
2014/10/16 10:32:23 - Prisoner Escapes From Mercer County Jail
2014/10/16 10:30:00 - Grundy County Circuit Court Has Busy Session
2014/10/16 6:53:14 - Three Hurt In Head-On Collision Northwest Of Milan
2014/10/16 4:36:56 - Elderly Cat Owner Sent To Nursing Home, What Happens Next Is Amazing
2014/10/16 4:18:36 - Police: Missouri Parent Brought Fake Gun To School



Bookmark this article at these sites

                   

Listen to KTTN-FM