- Associated Press - Friday, March 6, 2015

CHARLOTTE, N.C. (AP) - A Lincoln County man who ran a payroll services company has pleaded guilty to laundering money in a scheme that prosecutors said took $15 million from clients.

The Gaston Gazette reported (https://bit.ly/18WRNG0) that 44-year-old James William Staz entered the plea Thursday in U.S. District Court in Charlotte.

Prosecutors say the money was used to pay for strippers, jewelry, a Mercedes-Benz and a lavish home.

Staz acknowledged in court that he worked with his father, William James Staz of Huntersville. William Staz pleaded guilty to wire fraud and tax evasion charges in January.

Prosecutors say the men used their company, Employee Services.Net, Inc., to take the money over a seven-year period. Prosecutors say at one time, the company had about 500 clients around the country.

The men will be sentenced later.

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