Article: Daily Record News Briefs: June 24, 2009

Paybooks charged

The Rochester-based payroll company Paybooks Inc. and its president, Jeffrey Sykes of Lime Kiln Road, Wayland, have been charged with defrauding hundreds of area businesses out of millions of dollars.

The state filed suit against Paybooks on Tuesday before state Supreme Court Justice Kenneth R. Fisher in Monroe County.

The state Attorney General's Office won a temporary restraining order freezing Sykes's personal assets and appointing a temporary receiver to operate the company and determine customer tax liability.

In total, Paybooks owes more than $2 million in late taxes, plus interest and penalties, according to a statement from Attorney General Andrew Cuomo.

"Paybooks ...

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