Paul Randolph Beeks Jr. Jailed for $526K Wire Fraud Scheme

Paul Randolph Beeks Jr., 59, of Mt. Airy, Maryland, is headed to federal prison for ripping off a trusted client of more than half a million dollars through a years-long wire fraud scheme. On February 16, 2017, U.S. District Judge George L. Russell III handed down a 15-month prison sentence, followed by three years of supervised release, after Beeks admitted to stealing at least $526,000 from Mid Atlantic Radiology Services, LLC (MARS), a medical firm that relied on him for every financial move.

Beeks, president of PRB Tax & Accounting Services, Inc. and Elite Financial Services, LLC, wasn’t just a hired hand—he was the gatekeeper. From January 2008 onward, he controlled all of MARS’ accounting, tax filings, payroll, vendor payments, and malpractice insurance for its physicians. The company, which held an exclusive contract with a hospital in Clinton, Maryland, trusted Beeks with its financial life. He repaid that trust by looting it.

Between November 2009 and August 2015, Beeks funneled approximately 24 illegal wire transfers from MARS accounts into bank accounts tied to his own companies. To cover his tracks, he labeled some payments as ‘management fees’ and ‘bonuses’—paperwork fiction. No MARS representative had ever approved such payments, and none were justified. The money wasn’t for services rendered. It was pure theft.

The scheme unraveled when investigators peeled back the layers of false invoicing and shell transactions. Beeks eventually signed a plea agreement admitting guilt. In addition to prison time, Judge Russell ordered him to pay a money judgment of $180,515—the portion of the stolen funds he hasn’t yet repaid. Victims got only a fraction back; the rest vanished into years of deception.

This case was prosecuted as part of the Financial Fraud Enforcement Task Force, a sprawling federal crackdown involving over 20 agencies, 94 U.S. attorneys, and countless local partners. Since 2009, the task force has prosecuted more than 25,000 defendants in over 18,000 financial fraud cases. Beeks’ conviction is another notch in a broader push to hold white-collar criminals accountable—not just the street-level grifters, but the suit-and-tie predators operating behind desks.

U.S. Attorney Rod J. Rosenstein, who announced the sentence alongside FBI Special Agent in Charge Gordon B. Johnson, praised the FBI’s dogged work in exposing the fraud. Assistant U.S. Attorney Philip A. Selden prosecuted the case. For Beeks, the cost of betrayal is 15 months behind bars—but for MARS and its physicians, the damage lingers long after the gavel falls.