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Serafino Canino

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CT Business Owner Involved In Kickback Scheme Sentenced For Tax Evasion CT Business Owner Involved In Kickback Scheme Sentenced For Tax Evasion
CT Business Owner Involved In Kickback Scheme Sentenced For Tax Evasion A former business owner in Connecticut will spend more than a year behind bars after pleading guilty to accepting hundreds of thousands of dollars in kickbacks by utilizing his company’s presence overseas and overbilling his employer. Serafino Canino of Torrington, has been sentenced to 18 months in prison after pleading guilty in Bridgeport federal court to one count of tax evasion for his role in a four-year scheme that saw him improperly receive more than $600,000 in misappropriated income while he was working at Innovative Concept Corporation (ICC) and had an ownership interest in t…

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by Zak Failla
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Man Admits At Bridgeport Federal Court To Improperly Receiving $663K In Income Man Admits At Bridgeport Federal Court To Improperly Receiving $663K In Income
Man Admits At Bridgeport Federal Court To Improperly Receiving $663K In Income A former business owner in Connecticut has admitted to accepting hundreds of thousands of dollars in kickbacks by utilizing his company’s presence overseas and overbilling his employer. Serafino Canino of Torrington has pleaded guilty in Bridgeport federal court to one count of tax evasion for his role in a four-year scheme that saw him improperly receive more than $600,000 in misappropriated income while he was working at Innovative Concept Corporation (ICC) and had an ownership interest in the company. While employed by ICC, which manufactures and distributes small power and hand-tools, C…

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by Zak Failla