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Tax Evasion

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$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy $2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy Two New York accounting firm partners have pleaded guilty to a multi-million dollar tax evasion scheme.  Click here for a new, updated story - Update: Scarsdale-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Westchester County resident George Sanossian, age 70, of Scarsdale, and New Jersey resident Jack Sardis, age 66, of Englewood Cliffs, both certified public accountants, admitted to conspiracy to defraud the IRS by scheming with clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions.  The tw…

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by Joe Lombardi
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‘Unadulterated Greed’: Cousins From Capital Region Jailed For Evading Taxes On Stock Sales ‘Unadulterated Greed’: Cousins From Capital Region Jailed For Evading Taxes On Stock Sales
‘Unadulterated Greed’: Cousins From Capital Region Jailed For Evading Taxes On Stock Sales Two cousins from the region will spend months in jail after confessing to tax evasion. Greene County residents Dennis Radcliffe, age 52, and Kenneth Radcliffe, age 50, both of Elka Park, were sentenced to six months behind bars in Albany federal court on Thursday, Dec. 14. It followed their guilty plea to two conspiracies, the first of which involved avoiding taxes by not reporting several million dollars of income from the sales of penny stocks between 2014 and 2017. The stock sales occurred in brokerage accounts they controlled under the names of their companies, Crackerjack Classics LLC…

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by Michael Mashburn
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‘Drug Dealer In White Coat’: NY Pharmacist Admits Illegally Distributing Opioids ‘Drug Dealer In White Coat’: NY Pharmacist Admits Illegally Distributing Opioids
‘Drug Dealer In White Coat’: NY Pharmacist Admits Illegally Distributing Opioids A New York pharmacist is facing decades in federal prison after admitting that he made hundreds of thousands of dollars by illegally distributing opioid medications. Long Island resident Daniel Russo, age 44, of the village of Cedarhurst in Nassau County, pleaded guilty to multiple charges, including conspiring to distribute and possess oxycodone, in federal court in Brooklyn on Friday, Feb. 17. Federal prosecutors said Russo, who owned and operated Russo’s Pharmacy in Far Rockaway, Queens, conspired with other medical professionals and employees to fill fraudulent prescriptions for oxycod…

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by Michael Mashburn
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Sex Cult Leader At College In Westchester Draws 60-Year Sentence Sex Cult Leader At College In Westchester Draws 60-Year Sentence
Sex Cult Leader At College In Westchester Draws 60-Year Sentence A man who put a group of college students through sexual, psychological, and physical abuse after moving into his daughter's dorm room in Westchester County will spend the rest of his life in prison.  Earlier Report - Sarah Lawrence Sex Cult Leader In Bronxville Found Guilty On All Charges Larry Ray, also known as Lawrence Grecco, was sentenced to 60 years in prison on Friday, Jan. 20 for leading a sex cult out of Sarah Lawrence College located near the border of Bronxville and Yonkers, according to Damian Williams, the US Attorney for the Southern District of New York. …

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by Ben Crnic
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Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme
Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme. White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation. On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced. As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …

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by Joe Lombardi
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NY Businesswoman Convicted Of Obstructing IRS, Filing False Tax Returns NY Businesswoman Convicted Of Obstructing IRS, Filing False Tax Returns
NY Businesswoman Convicted Of Obstructing IRS, Filing False Tax Returns A New York businesswoman is facing federal prison time after being convicted of obstructing the IRS and filing false tax returns. Long Island resident Lorraine Pilitz, age 64, of Merrick, was found guilty on all five counts against her by a federal jury in Central Islip Wednesday, Nov. 9, following a two-week trial. Federal prosecutors said between 2011 and 2013, Pilitz, who owned several automotive businesses on Long Island, regularly structured cash deposits in a way that allowed her to avoid filing financial reports that are required for all transactions over $10,000. The scheme resulte…

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by Michael Mashburn
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Ex-Owner Of NY Commercial Check Cashing Companies Sentenced For $9.5M Fraud Scheme Ex-Owner Of NY Commercial Check Cashing Companies Sentenced For $9.5M Fraud Scheme
Ex-Owner Of NY Commercial Check Cashing Companies Sentenced For $9.5M Fraud Scheme The former owner of several check cashing businesses in New York is heading to federal prison after admitting to a multimillion-dollar fraud scheme. Long Island resident John Drago, age 58, of Central Islip, was sentenced to four years behind bars Friday, Oct. 21, in federal court in Central Islip. It followed his September 2021 guilty plea to fraud charges, in which he admitted to illegally structuring financial transactions and evading payroll taxes at several of his Long Island businesses. Federal prosecutors said between January 2010 and October 2013, Drago told employees to cash multi…

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by Michael Mashburn
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Ex-Hudson Valley Bagel Shop Owner Sentenced For $2M Scam Ex-Hudson Valley Bagel Shop Owner Sentenced For $2M Scam
Ex-Hudson Valley Bagel Shop Owner Sentenced For $2M Scam A former Hudson Valley resident is heading to federal prison for defrauding prospective franchisees of his bagel company. Joseph Smith, age 57, formerly of Fishkill in Dutchess County, was sentenced to three and a half years behind bars after pleading guilty in February 2022 to charges of conspiracy to commit wire fraud and tax evasion. Federal prosecutors said between 2014 and 2016, Smith sold more than 160 franchises of his company, New York Bagel Enterprises Inc., to individuals in Pennsylvania and other states. The problem, prosecutors said, was that Smith misled operators by guarantee…

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by Michael Mashburn