Because Holland handled accounts for more than one utility company, he was employed by AEP, which is Appalachain’s parent company.
“Mr. Holland has taken responsibility in this matter and has communicated cooperatively with the government in these regards,” his defense attorney, John Lichtenstein, said in a statement.
“He has lived a life of substantial achievement and service to others and is committed to handling this responsibly moving forward.”
The charge of filing a false tax return states that in 2015, Holland reported to the Internal Revenue Service that his income was $321,231, knowing that it was in fact higher.
Following his guilty pleas Monday, he was allowed to remain free on bond. A sentencing hearing was scheduled for Sept. 10, at which time he will face up to 20 years in prison.
Federal prosecutors estimate that Holland stole $1.6 million from AEP. An exact amount will be determined by a judge at his sentencing.
Although the case…