Accountant convicted of grand larceny, DA says
William L. McCoy, 54, of Sunrise Highway, has been convicted of spending $50,000 he was given by a tax client to hold in a trust in 2013. Credit: SCPD
Suffolk County Court jurors found a West Babylon man guilty of third-degree grand larceny Wednesday afternoon, authorities said.
The case against William L. McCoy, 54, of Sunrise Highway, an accountant, centered on whether he had spent $50,000 that a tax client had given to him in 2013 to hold in a trust. McCoy testified that he was going to return the funds, officials said. He was arrested in September 2015.
The verdict brought the trial to a close in a Riverhead courtroom after jurors deliberated for less than three hours, according to Suffolk District Attorney Thomas Spota, who issued a news release about the outcome.
McCoy faces a sentence ranging from 2 1⁄3 to seven years in prison. His attorney, Jeffrey Chabrowe of Manhattan, said, “We are disappointed with the jury’s decision and we certainly plan on appealing,” adding that his client will be returning the money to his client.
Toomey ordered McCoy held on $100,000 cash or $200,000 bond and scheduled sentencing for Jan. 18.
'No one wants to pay more taxes than they need to' Nearly 20,000 Long Islanders work in town and city government. A Newsday investigation found a growing number of them are making more than $200,000 a year. NewsdayTV's Andrew Ehinger reports.
'No one wants to pay more taxes than they need to' Nearly 20,000 Long Islanders work in town and city government. A Newsday investigation found a growing number of them are making more than $200,000 a year. NewsdayTV's Andrew Ehinger reports.
