SAN ANTONIO – A woman who formerly served as Watermark Group comptroller was sentenced Thursday to 37 months in federal prison in connection with an embezzlement scheme, which underlied her failure to remit company withholding taxes.
Monica R. Richardson, 39, pleaded guilty in July 2013 to one count of failure to account for and pay payroll taxes. By doing so, she admitted that she stole more than $287,000 from Watermark, which caused them to fail to account for and pay the Internal Revenue Service payroll taxes that were due.
In addition to her prison term, Richardson received three years of supervised release and was ordered to pay $65,551.34 restitution to the IRS.
Richardson was ordered to report to federal authorities on or before Oct. 15, 2014, to begin serving her prison sentence.