Michael T. Mann – Computer Security Articles

MyPayrollHR CEO Arrested, Admits to $70M Fraud

September 27, 2019 admin A Little Sunshine, Michael T. Mann, mypayrollHR, Ne'er-Do-Well News

Credit to Author: BrianKrebs| Date: Fri, 27 Sep 2019 16:17:07 +0000

Earlier this month, employees at more than 1,000 companies saw one or two paycheck’s worth of funds deducted from their bank accounts after the CEO of their cloud payroll provider absconded with $35 million in payroll deposits from customers. On Monday, the CEO was arrested and allegedly confessed that the diversion was the last desperate gasp of a financial shell game that earned him $70 million over several years.

Independent Krebs

NY Payroll Company Vanishes With $35 Million

September 11, 2019 admin A Little Sunshine, Cachet Financial Services, Dan L'Abbe, Granite Solutions Groupe, Michael T. Mann, mypayrollHR, National Payment Corporation, Pioneer Savings Bank, ValueWise Corp., Wendy Slavkin

Credit to Author: BrianKrebs| Date: Wed, 11 Sep 2019 15:02:26 +0000

MyPayrollHR, a now defunct cloud-based payroll processing firm based in upstate New York, abruptly ceased operations this past week after stiffing employees at thousands of companies. The ongoing debacle, which allegedly involves malfeasance on the part of the payroll company’s CEO, resulted in countless people having money drained from their bank accounts and has left nearly $35 million worth of payroll and tax payments in legal limbo.