FOR IMMEDIATE RELEASE                                             
     TAX
FRIDAY, SEPTEMBER 23, 1994                                  
(202) 514-2007


                                                                  
        
           NEW YORK MAN IMPRISONED, FINED FOR WHITE COLLAR CRIME

     WASHINGTON, D.C. -- A New York man who pleaded guilty to 
stealing $204,000 in corporate funds from Sperry/Unisys
Corporation today was sentenced to 41 months in jail, fined
$40,000 and ordered to pay $204,000 in restitution, the
Department of Justice announced.  
     Steven S. Monas of the Long Island community of Roslyn was
sentenced by Chief Judge Thomas C. Platt of U.S. District Court
in New York.  Monas, former director of the company's New
Business Development Office in its Air Force Programs Division,
also was placed on three years supervised release following his
prison sentence.
     According to a November 1992 indictment, Monas, through the
use of fictitious and "phantom" consultant agreements, stole the
money from the company's Great Neck, New York, office, then,
along with other coconspirators who were not charged in this
case, laundered the proceeds through a legitimate business in
Connecticut to hide the theft.
     Monas pleaded guilty to all four counts of the indictment in
April, one day before his trial was to start.  In addition to the
money laundering and conspiracy charges, Monas was indicted for
receipt of stolen monies and tax fraud.
     Assistant Attorney General Loretta C. Argrett, in charge of
the Tax Division, praised the efforts of all of the law
enforcement agencies involved in the investigation.
     "White collar crime is a priority matter in the Department
of Justice," said Argrett.  "Those who are tempted to commit such
offenses should know that the Department will investigate and
prosecute."  
     The case was investigated by the Internal Revenue Service's
Criminal Investigation Division; the Federal Bureau of
Investigation; the Department of Defense's Defense Criminal
Investigative Service; and the Department of Navy's Naval
Criminal Investigative Service.
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