LANSING, Mich. — Camron Gnass, the owner of Traction Advertising Agency in Lansing, has pleaded guilty to illegally withholding money from his employees' paychecks.
Gnass was accused of failing to pay more than $52,000 toward employee retirement contributions. He was arraigned in 2019 on eight counts of larceny, four counts of receiving and concealing stolen or converted property and one count of conducting a criminal enterprise. Each charge is a felony.
Gnass has since paid restitution to completion which led to several charges against him being dropped.
"All the money withheld was paid to the employee accounts 4 months before I even knew I was under investigation by the AG - of which I learned through a press release. The remaining money that was to be matched and the missed accrued interest was paid back by December 2019," Gnass said in a written statement to Fox 47 News.
Thursday morning, he pleaded guilty to three counts of larceny by conversion.
Under the plea agreement, Gnass admitted to withholding money from his employees’ paychecks for deferred retirement and failing to deposit the employer match into their accounts according to a release from Nessel's office.
"I had been working with the affected employees, who were both colleagues and friends, on this accounting error to bring resolution, including filing a Voluntary Correction Plan with the IRS 8.5 months before charges," Gnass said.
Gnass’s sentencing is set for July 13 in front of Ingham County Circuit Judge Rosemarie Aquilina.
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