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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…
CT Man Accused Of Defrauding Investors
A Connecticut man has been indicted on 17 counts of allegedly defrauding investors of an alcoholic beverage company.
Brian Hughes, 56, of Madison, was indicted on Friday, Jan. 15, following his arrest, said John H. Durham, U.S. Attorney for the District of Connecticut.
The indictment alleges that in March 2015, Hughes founded Handcrafted Brands, for the purpose of raising money to purchase Salute American Vodka, an alcoholic beverage company.
After founding the company, Hughes allegedly solicited and received funds from investors for the purchase and development of Salute.
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