Insider who stole from Lake Michigan ferry pleads guilty
A man who handled finances at a Lake Michigan ferry company pleaded guilty Tuesday to fraud in a scheme to steal money from the business.
Paul Piper of Ludington also pleaded guilty to a tax crime and agreed to pay $363,926 to the Internal Revenue Service.
Piper was the controller at Lake Michigan Carferry, which operates the S.S. Badger between Ludington and Manitowoc, Wisconsin. He also had a local accounting business and a coffee shop.
Piper admits he wrote checks to himself or his related businesses, stealing at least $550,000 between 2007 and May 2018.
He will get his sentence on Aug. 11 in federal court in Grand Rapids. Piper has forfeited a 2018 Ram Truck and a recreational vehicle.