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Westport Investment Advisor Gets Jail Time: Did Not Report $1.4M To IRS, Feds Say
An investment advisor from Fairfield County will spend time in prison after failing to report more than $1.4 million in income to the IRS, federal officials said.
Westport resident Thomas Pacilio, age 64, was sentenced on Thursday, April 13 to six months in prison for omitting around $1,476,425 in profits in income tax returns between 2015 and 2018, according to the US Attorney's Office for the District of Connecticut.
Earlier Report - Westport Investment Advisor Failed To Report $1.4M In Profits To IRS, Feds Say
According to federal officials, in 2011, Pacilio a…
Westport Investment Advisor Failed To Report $1.4M In Profits To IRS, Feds Say
An investment advisor from Fairfield County is being accused of failing to report more than $1.4 million in profits to the IRS, federal authorities announced.
Thomas Pacilio, age 64, of Westport, waived his right to be indicted and pleaded guilty on Thursday, Jan. 5 to a federal tax offense, Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and Joleen D. Simpson, Special Agent in Charge of IRS Criminal Investigation in New England, said.
According to court documents and statements made in court:
In 2011, Pacilio and his partner started Clapboard Hill …
