Former Waterville Valley Property Manager Pleads Guilty To Defrauding Condominium Associations, Interfering With The IRS
CONCORD, NEW HAMPSHIRE – Courtney Stone, 38, of Newport, Rhode Island, pled guilty in United States District Court for the District of New Hampshire to five counts of wire fraud and one count of corruptly impeding the due administration of tax laws, announced United States Attorney John P. Kacavas.
The wire fraud counts arose from Stone’s scheme to defraud approximately twenty-seven largely vacation condominium associations in the Waterville Valley area to whom her employer provided property management services. The tax charge related to Stone’s counterfeiting Internal Revenue Service documents in an effort to convince third parties to release to her funds that the third parties were holding on behalf of Stone’s employer, which the IRS had levied to satisfy her employer’s tax debt.
Stone faces a maximum of 3 years on the tax related charge and 20 years on each of the five fraud counts. Each of the six total counts carries with it a maximum fine amount of $250,000. Sentencing is scheduled for July 28, 2015.
This case was investigated by the Bedford Field Office of the Federal Bureau of Investigation, the Treasury Inspector General for Tax Administration and the Waterville Valley (N.H.) Police Department. The case is being prosecuted by Assistant U.S. Attorney Bill Morse.