BINGHAMTON -  A Deposit man pled guilty today in United States District Court to the felony crimes of wire fraud and tax evasion.

In entering his guilty plea in federal court, William Stiles, 42, admitted that, as chief operating officer and part owner of Aeden Waterford, Inc. (AWI), a payroll and human services company located in the city of Binghamton, he stole a total of more than $700,000 from approximately 100 business clients of AWI between November, 2005, and November, 2010.

The money stolen by Stiles was supposed to be used to pay client employment witholding taxes, but instead was deposited into Stiles’ personal bank accounts. Stiles used the funds stolen from AWI clients for personal benefit. Stiles further admitted he evaded income taxes due on the stolen money.

Stiles faces a maximum penalty of 20 years imprisonment and a $250,000 fine.  He will be sentenced in December