Debt Collection CFO to Take Tax Holiday in Federal Prison

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One would hope you’re enjoying a little breather after completing your 2011 taxes. But one ARM industry professional will be taking an extended vacation courtesy of the Federal government.

Leslie Jean McIntosh, the (one would assume) former CFO of a Montana-based collection agency, will spend just shy of two years in prison for alleged financial irregularities.

According to the Courthouse News Service, McIntosh was sentenced to 21 months for tax evasion, and will be ordered to pay back $159,000 in restitution.

The best part of the article though, is how she got caught: as it turns out, McIntosh had been embezzling from her employer, FITEC LLC, between 2006 and 2008. In roughly three years, McIntosh had amassed a little over $130,000 — presumably on top of her CFO’s salary. However McIntosh didn’t declare her embezzled money on her taxes. (Having completed my own taxes, in McIntosh’s defense I didn’t see the box to enter one’s embezzled funds, either; however, I’m also not a CPA and, as it turns out, McIntosh is. Or was. McIntosh had had her CPA license revoked back in 2006 for a whole other set of alleged federal fiscal funny-business.)

 

Mike Bevel is Associate Editor at insideARM.com. He prefers his vacations in Branson, MO. Follow him on Twitter @MikeBevel_iA.

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Posted in Accounts Receivable Management, Debt Collection, Debt Recovery, Doing it Wrong, Featured Post .

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