St. Charles Pleads Guilty To Theft Of Federal Funds

St. Louis, MO - WILLIAM NAES, of St. Charles, pled guilty to theft of government funds for his improper receipt of $150,480 in disability benefits over eight years.  Naes admitted that he earned significant income running a tax preparation business between 2005 and 2013 and omitted that work and income from documents he submitted to the Social Security Administration in connection with his disability status.  

Naes faces up to 10 years imprisonment and a $250,000 fine for his crime.  Restitution to the Social Security Administration is also mandatory. 

Judge E. Richard Webber accepted his guilty plea this morning and has scheduled sentencing for April 24, 2014.  Naes remains in custody pending sentencing.

The case was investigated by the Social Security Administration Office of Inspector General and the Treasury Department.  Assistant United States Attorney Tom Albus is handling the cased for the U.S. Attorney’s Office.