Software Exec Pleads Guilty to Tax Evasion

Former Atlas Software chief executive officer Pradeep Kumar Walia pleaded guilty in federal court to a charge of tax evasion. In 1999 and 2000, Walia instructed his accounting and bookkeeping staff to misclassify reimbursements of personal expenses as if they were business expenses in order to evade his income tax obligations on such funds. He faces up five years in prison and a fine of up to $250,000.

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