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Local News

Colchester Man Pleads Guilty To $730,000 Embezzlement

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File photo of a gavel (Photo by Joe Raedle/Getty Images)

File photo of a gavel (Photo by Joe Raedle/Getty Images)

WASHINGTON (AP) _ A Connecticut man has pleaded guilty to embezzling more than $730,000 from a Washington law firm.

Forty-eight-year-old William B. McNichols of Colchester, Conn., entered the plea Monday in U.S. District Court for the District of Columbia. He agreed to pay restitution and faces a maximum of 20 years in prison at sentencing June 17.

According to government evidence, McNichols was the finance and business manager at Trister, Ross, Schadler and Gold. Prosecutors say McNichols got money from the firm by giving himself excessive salary payments and issuing unauthorized checks to himself to pay personal credit card bills.

(© Copyright 2013 The Associated Press. All Rights Reserved.)

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