- Associated Press - Monday, April 20, 2015

CAMDEN, N.J. (AP) - A bookkeeper at an Atlantic City Rolling chair company has admitted lying to federal agents during an investigation into unreported cash taken from the business.

Federal prosecutors say 66-year-old city resident Abdus Mian pleaded guilty Monday to making materially false statements to federal agents. He faces a five-year prison term when he’s sentenced July 29.

Mian admitted keeping a second set of books that tracked the cash that three of the firm’s owners were removing from the business and not reporting to the IRS.

Mian was questioned about his role as bookkeeper in a June 2011 interview. Mian falsely stated that he only maintained one set of books, never prepared a second set of books and didn’t know the owners were taking cash out of the business.

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