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CPA Admits Embezzlement

 A Springfield, Mo.-based CPA has admitted stealing about $432,981 from a trust fund under his control. Ray Leonard Marple, 61, faces up to 23 years in federal prison after he pleaded guilty to embezzlement this month.

Marple, who has operated his own firm since 1998, admitted taking the money from a  revocable trust account from July 7, 2017, through May 3, 2023, following the death of the grantor.

He would have been entitled to fees of less than $2,500 a year or $17,500 for the seven years. Instead, he stole the money and used  the proceeds to purchase his home in Springfield. Marple  also failed to report nearly $177`,000 in taxable income from 2018 to 2020, for which he owes $59,622 in federal income taxes.

Under a plea agreement, is to pay up to $415,481 in restitution to the trust and at least $59,622 in restitution to the Internal Revenue Service, along with forfeiting a money judgment of $415,481 to the government and residential property.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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