Former assisted living CFO in NC pleads guilty


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Submitted: Wed, 07/18/2012 - 11:50pm
Updated: Wed, 07/18/2012 - 11:50pm
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RALEIGH, N.C. (AP) – The former chief financial officer of a chain of assisted living facilities in North Carolina has pleaded guilty to conspiring to defraud the Internal Revenue Service.

The U.S. Justice Department says in a news release that Michael R. Elliott pleaded guilty Wednesday in Wilmington after being indicted in November by a grand jury sitting in Raleigh. He was the CFO for Caremerica Inc., based in Leland.

The Justice Department says Caremerica companies accrued more than $4.5 million in employment tax liabilities between 2003 and 2006.

Sentencing is set for the court term beginning Nov. 5.

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