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Last updated 2:07AM ET
March 7, 2021
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CyberNET widow pleads guilty to 2 federal charges
(wgvu) - GRAND RAPIDS, Mich. (AP) - The widow of a man whose company
bilked lenders of tens of millions of dollars has pleaded guilty to
federal counts of income tax evasion and conspiring to commit bank
Forty-year-old Krista Kotlarz-Watson will be sentenced in
December in U.S. District Court in Grand Rapids.
Federal prosecutors agreed to drop six other counts in exchange
for her two guilty pleas today.
Kotlarz-Watson is expected to be the last person to face justice
in connection with The CyberNET Group scheme.
Federal prosecutors say the Grand Rapids company stole about
$100 million from at least 40 lending institutions.
Kotlarz-Watson's husband, Barton Watson, shot himself to death
in 2004 after CyberNET came under investigation.
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