ALBANY – A Texas man was swept up in the criminal case of MyPayrollHR CEO Michael Mann and charged with several felonies by federal prosecutors for allegedly aiding Mann with his $100 million bank fraud scheme.
Derek Schwartz, 52, of Coppell, Texas, becomes the third person charged in Mann’s scheme. He is facing one count of conspiracy to commit wire fraud and four counts of wire fraud after he was indicted Thursday by a federal grand jury. He is being prosecuted by Assistant U.S. Attorneys Michael Barnett and Cyrus Rieck in Albany but has yet to be arraigned.
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