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Texas man pleads guilty to conspiring with former Clifton Park CEO

Summary by Ground News
Derek Schwartz, 54, faces sentencing on January 24, 2024. Michael Mann's $100 million fraud scheme led to the collapse of his company MyPayrollHR. Schwartz operated TrueHR, a ValueWise subsidiary based in Dallas, Texas, until 2016. The government will be seeking $12,968,505.20 in restitution.

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Texas man pleads guilty to conspiring with former Clifton Park CEO

A Coppell, Texas, man pleaded guilty to conspiring with Michael Mann, the former CEO of MyPayrollHR, to defraud companies that loaned millions of dollars to ValueWise subsidiaries. Derek Schwartz, 54, faces sentencing on January 24, 2024.

·Albany, United States
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WTEN broke the news in Albany, United States on Thursday, September 21, 2023.
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