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Ex-Albemarle Developer Pleads Guilty to Tax Charge - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Ex-Albemarle Developer Pleads Guilty to Tax Charge

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CHARLOTTSVILLE, Va. (AP) - A former Albemarle County developer faces up to five years in prison for evading federal income taxes.

The Daily Progress reports that Michael Wayne Harding pleaded guilty Monday in federal court to underreporting his income and avoiding about $87,000 in federal taxes.

Harding had pleaded guilty in March to two fraud-related counts. He faces up to 25 years in prison on these charges.

Sentencing on all three charges is scheduled for September.

Prosecutors say Harding secured mortgages by faking improvements made to properties owned by his company. He then had checks from the mortgage companies converted for his personal use. The money wasn't reported in his 2007 tax return.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Information from: The Daily Progress, http://www.dailyprogress.com

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