PITTSBURGH — An accountant has pleaded guilty to helping the founder and former CEO of Pennsylvania’s largest online charter school avoid federal income taxes on more than $8 million that man siphoned from the school.
Sixty-one-year-old Neal Prence pleaded guilty Wednesday to one count of tax conspiracy even though the Pittsburgh Post-Gazette reports he called the government’s description of his actions “mostly inaccurate.” Prence’s attorney, Stan Levenson, says Prence acknowledges helping Trombetta file a phony tax return during the scheme, nothing more.
Federal prosecutors say Prence conspired with Nicholas Trombetta who pleaded guilty to the fraud last month involving The Pennsylvania Cyber Charter School.
Trombetta acknowledged using the school’s money to fund a lavish lifestyle and socking most of it away for retirement. He’ll be sentenced Dec. 20.
Prence faces sentencing Jan. 6.