Business Owner Sentenced for Bank Fraud
SHAVERTOWN — A federal judge sentenced a business owner from Luzerne County for bank fraud.
Richard Morgan, 54, of Shavertown, was the owner of Wilkes-Barre Bookkeeping LLC.
Companies contracted him to handle payroll services, but instead of paying the companies’ taxes, prosecutors said he embezzled nearly $400,000 for himself between March 2010 and October 2016.
Morgan must serve more than three years in federal prison and pay nearly half a million dollars to his victims and the IRS.