MyPayrollHR Boss Arrested: $Millions Fraud Scheme Uncovered - Report

The elusive boss at the center of the MyPayrollHR’s collapse who has seemingly had little -- if any -- online presence has finally been unmasked, along with more details into his alleged multi-million dollar bank fraud scheme.

Michael Mann, the 49-year-old president of MyPayrollHR's parent company ValueWise, was arrested in September after allegations of criminal conduct involving MyPayrollHR arose.

News surrounding MyPayrollHR made headlines when the cloud-based payroll processing firm suddenly shuttered, vanishing with millions of payroll funds from customer businesses which left thousands of employees across the U.S. in financial constraints.

However, Mann's demise from grace began two years ago, according to DailyMailTV, which was the first to capture him on camera.

In 2017, Mann lost business with his largest client, UnitedHealth Group.

A UnitedHealth Group subsidiary received IT staffing services from ValueWise but terminated that contract and its business relationship with Mann after learning of a suspected attempt by him to commit fraud, according to a UnitedHealth Group spokesperson.

DailyMailTV said Mann allegedly forged a document claiming it came from UnitedHealth Group indicating how much business the two companies did together in an effort to get a loan from the bank.

UnitedHealth Group told FOX Business they also alerted the FBI at the time and is cooperating with the ongoing investigation.

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A former senior worker at Mann's offices in upstate New York told the outlet the move “cut him off at the knees” but “understandably" so. "But it wasn't just that document, this is a massive fraud," the former worker told the outlet.

Mann's attorney, Michael Koenig, declined comment.