Prosecutors say a North Carolina man who ran a payroll services company has pleaded guilty to laundering money in a $15 million scheme and used the cash to pay for strippers, jewelry, a Mercedes-Benz and a lavish home.

The Gaston Gazette reported (http://bit.ly/18WRNG0) that 44-year-old James William Staz of Lincoln County entered the plea Thursday.

Staz acknowledged in court that he worked with his father, William James Staz of Huntersville. William Staz pleaded guilty to wire fraud and tax evasion charges in January.

Prosecutors say the men used their company, Employee Services.Net, Inc., to take the money over a seven-year period. Prosecutors say at one time, the company had about 500 clients around the country.

The men will be sentenced later.