Mt. Airy Man Enters Plea To Wire Fraud

Federal prosecutors say he’s accused of defrauding one of his clients of at least $526,000.

Baltimore, Md  (KM)  A Mount Airy man pleaded guilty on Friday in U-S District Court in Baltimore to wire fraud. The US Attorney’s Office for Maryland says Paul Randolph Beeks, 58, defrauded one of his clients of at least $526,000.

Federal prosecutors say Beeks was president of several tax and financial management companies in Maryland, including PRB Tax & Accounting Services and Elite Financial Services LLC. In 2008, at the request of a physician who owned and operated the practice, he agreed to handle accounting, tax and financial responsibilities for Mid-Atlantic Radiology Services, LLC.

Officials say between November, 2009, and August, 2015, Beeks handled 24 wire transfers from Mid-Atlantic Radiology Services to the bank accounts of his various companies. In order to disguise these thefts, Beeks falsely claimed that some of the wire transfers were for management fees and bonus, although no management fees of bonuses were ever authorized by anyone from Mid-Atlantic Radiology Services, and the remaining wire transfers were not for legitimate purposes.

As part of his plea deal, Beeks will be required to forfeit all the property he obtained through this scheme, including a money judgment of more than $336,000.

Sentencing is scheduled for January 19th. He could get up to 20 years in prison.

By Kevin McManus