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Patrick Franconeri

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Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud
Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud A Bayonne businessman man who used check-cashing businesses to hide hundreds of thousands in income he earned from his construction companies was sentenced to 18 months in federal prison on Wednesday. Patrick Franconeri, 57, must serve all of the plea-bargained sentence for tax evasion and bankruptcy fraud because there’s no parole in the federal prison system. Franconeri failed to file a tax return or request an extension for 2014 after earning taxable income of $1,362,950, on which he owed the IRS $558,439 in payments, U.S. Attorney Craig Carpenito said. He earned the money as the owner …

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by Jerry DeMarco