Former FD pleads guilty to tax crimes

The former finance director of packaging machine maker Winpak Lane has
pleaded guilty to tax and embezzlement charges.

Carroll Aguillard pleaded guilty to two counts of subscribing to false tax
returns earlier this week in the US District Court. He admitted that he
knowingly failed to report on his income tax returns more than $547,000
(£362,000), in money he received from embezzlement schemes, as well as bonuses
for the years 2003, 2004 and 2005,

Aguillard, who was in charge of payroll at Winpak, added unauthorised funds
to his salary and made unauthorised money transfers to his personal bank
account, as well as falsifying the amount of tax he owed to the Internal Revenue
Service, prosecutors have said.

Aguillard could serve up to six years in prison and face fines totaling
$200,000. He was bailed on a $5,000 bond with the case now transferred to Judge
David Carter for further proceedings.

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