Date: July 26, 2021 Contact: email@example.com Acting United States Attorney Dennis R. Holmes announced that a Stony Point, New York, man was charged in federal district court with ten counts of Failure to Withhold, Properly Account For, and Pay Over Tax. Asher Wagh was charged on February 21, 2021. Wagh appeared before U.S. Magistrate Judge Daneta Wollmann on July 21, 2021, and pleaded not guilty to the charges. The maximum penalty upon conviction is 5 years in federal prison and/or a $250,000 fine, 3 years of supervised release, and a $100 assessment to the Federal Crime Victims Fund. Restitution may also be ordered. The charges relate to Wagh, while co-owner of Captech International LLC, collecting payroll taxes but willingly failing to pay over the taxes to the Internal Revenue Service between 2015 and 2017. The charges are merely an accusation and Wagh is presumed innocent until and unless proven guilty. The investigation is being conducted by the Internal Revenue Service- Criminal Investigation. Assistant U.S. Attorney Benjamin Patterson is prosecuting the case. Wagh was released pending trial. A trial date has not been set.