BURLINGTON — A former Quechee resident charged with embezzling about $1.2 million from clients of a West Lebanon tax and payroll firm is expected back in Vermont this month to appear in court.
In the meantime, he said he won’t comment on the federal charges he is facing.
Ryan Wall, 41, now of Tampa, Fla. said, “please refrain from further contact per my attorneys request,” in a Facebook message to the Valley News.
A message requesting the name of his defense lawyer was not returned.
Wall appeared before Magistrate Judge Julie S. Sneed in U.S. District Court in Tampa last week after he turned himself in to federal authorities, officials said.
Sneed agreed to release Wall on a $10,000 unsecured bond with the understanding that he would surrender to federal authorities in Vermont, the U.S. Marshals Service in Tampa said.
He was given two reporting options: May 16 or May 29. Jeff Eaton, chief clerk for the U.S. District Court for Vermont, said there was no hearing planned in Burlington as yet and that no paperwork had arrived from the Florida hearing.
Wall is named in a two-count indictment that was placed under seal in March until he could be arrested. The records became public after his surrender.
One count maintains that Wall, as the employee overseeing payroll withholding for clients of TSBS in West Lebanon, embezzled $1.2 million through wire fraud.
The indictment also charges Wall with an unrelated felony count of being an unlawful drug user and addicted to oxycodone, heroin and crack cocaine while improperly possessing three firearms — two rifles and a pistol — in August.
Wall withheld payroll taxes intended for the Internal Revenue Service and state tax departments in Vermont and New Hampshire but personally pocketed money that should have been forwarded to the government accounts, the indictment contends.
Now an unspecified number of businesses in the Twin States owe substantial sums of money for unpaid payroll taxes, the indictment said.
Both the FBI and Internal Revenue Service are conducting the joint investigation.
Wall grew up in Barnard and graduated from Woodstock Union High School in 1995 and Johnson State College in 2000 with a degree in business management, according to his Facebook page. Assessing records indicate he bought a home in Quechee in 2009 and lived there with his then-wife, Vanessa Wall, who graduated from Hartwick College in 1997.
Her parents, John and Jacquelyn Rezzonico, started TSBS, which also is known as Twin State Business Services and does tax-preparation work as AccounTax USA, in 1997, according to court records. Ryan Wall joined the firm and started the payroll services division for small businesses in 2012, bankruptcy records for TSBS LLC show.
Mike Donoghue can be reached at vermontnewsfirst@gmail.com.
Correction
Ryan Wall has been directed to report May 16 or May 29 to U.S. District Court in Burlington. An earlier version of this story gave an incorrect time frame.
