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Tag: Internal Revenue Service
Fairfield Attorney Stole $7.4M Over Decade During His Time As Banks' Lead Counsel: Feds
A Connecticut man who held powerful positions at several banks, including General Counsel and Executive Vice President, faces up to 30 years in prison for orchestrating a decade-long embezzlement scheme that defrauded his employers of more than $7 million, federal authorities said.
James Blose, 56, waived indictment and pleaded guilty in New Haven federal court to bank fraud and illegal monetary transactions on Friday, Dec. 20, per the US Attorney for Connecticut. His actions, spanning from 2013 to 2023, were uncovered after an extensive investigation by federal authorities, inclu…
$600K Fraud: CT Tax Preparer Gets Prison Time For Including Fake Expenses In Returns
A Connecticut man will spend years in prison for including false expenses on income tax returns for clients, federal officials announced.
David Etienne, a 49-year-old New London County tax return preparer based in Norwich, was sentenced to two years in prison on Wednesday, Jan. 17 for a tax fraud offense, the US Attorney's Office for the District of Connecticut announced.
According to federal officials, Etienne worked through several businesses, including Los Maestros Inc., Los Maestros Group, Tax Experts USA, and Tax Experts USA Inc. Between the 2012 and 2021 tax…
CT Accountant Steals $25K From Client, Police Say
A Connecticut accountant faces larceny charges after stealing $25,000 from one of his clients, police announced.
Carl Anderson, who owns Anderson Accounting and Finance LLC, was arrested in Litchfield County by New Milford Police on Friday, Dec. 22 following a lengthy investigation, the department announced on Wednesday, Dec. 27.
The investigation, conducted by New Milford Police, the Internal Revenue Service, and the Connecticut Department of Banking, determined that Anderson stole $25,000 from one of his clients, according to authorities.
Following his arrest, Anderson was ch…
CT Man Gets Prison Time For Tax Evasion: Ordered To Pay Over $160K To IRS
A 61-year-old Connecticut man will spend time in prison for filing a false tax return and providing false documentation to an Internal Revenue Service attorney, federal officials announced.
Tolland County resident David Kamal, age 61, of Stafford, was sentenced on Monday, Sept. 11 to eight months in prison for tax evasion, the US Attorney's Office for the District of Connecticut announced.
Earlier Report - CT Man Charged With Tax Fraud, Obstruction, ID Theft Offenses
According to federal officials, Kamal, a former Hebron resident, purposefully evaded taxes for the 2012 tax…
New Canaan Resident Used Investor Funds To Pay Taxes, Credit Card Expenses, Gets Prison Time
A current Fairfield County resident formerly from New Haven County will spend years in prison for tax evasion and defrauding investors by using their funds to pay his personal expenses.
New Canaan resident Brian Hughes, age 58, formerly of Madison, was sentenced to two and a half years in prison on Monday, March 6 for defrauding investors of two companies, and for tax evasion, the US Attorney's Office for the District of Connecticut announced.
The charges stem back to March of 2015 when Hughes founded Handcrafted Brands, LLC (HBC), in order to raise money to purchase the alcoholi…
CT Attorney Specializing In Personal Injury Admits To Tax Evasion, Must Repay IRS $750K
An attorney based in Connecticut faces jail time after admitting to tax evasion.
Wallingford resident Mark Carbutti, age 48, who is an attorney specializing in personal injury law, pleaded guilty to tax evasion on Thursday, Dec. 1, according to the Connecticut US Attorney's Office.
For several years starting in 2013, Carbutti only made limited payments of the over $585,000 he owed the Internal Revenue Service as a result of his legal practice and rental income for tax years 2013 through 2017. As a result, he also owed interest and penalties that accrued during this time as well,…
Former Yale Med School Employee Admits Stealing, Selling $40 Million In Electronics
A former Yale University School of Medicine employee has admitted to stealing $40 million in computer and electronic hardware from the university.
Jamie Petrone, age 42, pleaded guilty on Monday, March 28, to wire fraud and filing a false tax return, according to Leonard Boyle, United States Attorney for the District of Connecticut.
Petrone is a former resident of Naugatuck in New Haven County, and she currently resides in Georgia, Boyle said.
Beginning in about 2008, Petrone worked for the Yale University School of Medicine's Department of Emergency Medicine and most recently w…
Fairfield County Tax Return Preparer Admits To Fraud
A Fairfield County tax preparer has admitted to a charge related to claiming false deductions in clients' tax returns.
Torise Baker, age 38, of Bridgeport, pleaded guilty on Monday, March 21, to one count of aiding and assisting in the preparation and presentation of false and fraudulent income tax returns, according to Leonard Boyle, United States attorney for the District of Connecticut.
From the 2014 through 2016 tax years, Baker prepared about 3,600 federal tax returns for clients through her 101 Things 2 Do, LLC business in Bridgeport, the US Attorney's Office said.
Boyle sa…
Operator Of Company In Fairfield County Admits To Tax Evasion
A Fairfield County company owner has pleaded guilty to one count of tax evasion.
Robert Porzio, age 48, of Westport, plead guilty on Thursday, Dec. 16, following an investigation by the Internal Revenue Service, said Leonard C Boyle, acting US Attorney for the District of Connecticut.
According to court documents and statements made in court, Porzio, who operates Bert’s Tree Service, Inc., deposited numerous customers’ checks into personal bank accounts, transferred a significant portion of the funds into a personal investment account, and kept from the corporation’s bookkeeper his receipt …
Fairfield County Man Sentenced For Tax Evasion
A Fairfield County man has been sentenced for evading paying more than $141,000 in taxes.
Michael Monroe, age 48, of Norwalk, was sentenced on Friday, Oct. 15, to six months in prison and six months of home confinement, according to Leonard Boyle, acting United States attorney for the District of Connecticut.
Monroe was also sentenced to three years of supervised release and 90 hours of community service.
Boyle said he was ordered to pay back the taxes of $141,041, plus interest and penalties. He pleaded guilty to one count of tax evasion on March 15.
Boyle said Monroe oper…
IRS Planning To Delay April 15 Tax Deadline, Reports Say
For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports.
Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made.
Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay.
A filing extension would give taxpayers additional breathing room to meet their tax …
CT Accountant Sentenced For Tax Evasion, Obstruction Offenses
A Connecticut man has been sentenced to 30 months in prison for tax evasion and obstruction offenses.
New Haven County resident Louis DeMaio, age 70, of Guilford, was sentenced Tuesday, Jan. 12, to prison time, followed by one year of supervised release, said John Durham US Attorney for the District of Connecticut.
According to court documents and statements made in court, DeMaio was employed as an accountant in East Haven and, from approximately 2010 to 2018, also operated Almatt LLC, a temporary employment agency that provided day laborers to construction companies.
Although …
Area Attorney Admits To Federal Tax Charges
An attorney in the area has admitted to failing to pay more than $225,000 in taxes.
Bethany resident William Palmieri, 56, pleaded guilty in Bridgeport district court to two counts of willful failure to pay income taxes, U.S. Attorney for Connecticut John Durham announced.
Palmieri, an attorney with a practice specializing in civil rights law, reported to the Internal Revenue Service, but did not pay, all the income taxes he owed, between 2006 and 2014, even though he had the ability to make substantially greater tax payments during that time, Durham said.
As of December 2017, Palmieri ow…
Trump Engaged In 'Dubious Tax Schemes,' 'Outright Fraud,' NY Times Investigation Finds
President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, according to this investigation by The New York Times.
Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.
Related story: New Forbes Rankings Of 400 Wealthiest Americans: Trump Takes Another Plunge
However, the Times’s investigation, based on a trove of confidential tax retur…
Owner Of Restaurants In Old Greenwich, Stamford Admits To $122K Tax Fraud
The 32-year-old owner of three restaurants in Northern Westchester and Fairfield County has admitted to scheming the Internal Revenue Service out of more than $122,000.
Stamford resident Steven Cioffi paid employees under the table and skimmed cash off restaurant books, according to John H. Durham, U.S. Attorney for the District of Connecticut, and Kristina O’Connell, Special Agent in Charge of IRS Criminal Investigation in New England.
Cioffi owned 50 percent of Nepperhan Restaurants Group, Inc., doing business as ReNapoli Pizza, in Old Greenwich, and Pinocchio Pizza in Pound Ridge, which …
