Former Employee Of Concrete And Material Company Pleads Guilty To Tax Evasion
CAMDEN, N.J. – A former employee of Atlantic County Concrete and Material Co. admitted today evading federal income taxes on nearly $700,000 she received in 2008, U.S. Attorney Paul J. Fishman announced.
Nancy Armienti, 59, of Elmer, N.J., pleaded guilty before U.S. District Court Judge Joseph H. Rodriguez in Camden federal court to an Information charging her with one count of tax evasion.
According to documents filed in this case and statements made in court:
During 2008, Armienti took $589,947 from her employer through cash withdrawals and payments to QVC for items she ordered. Armienti created false business expense records to conceal her receipt of these funds and instructed the company’s bookkeeper to record the cash withdrawals and QVC payments as business expenses. Armienti failed to file a 2008 federal income tax return and failed to pay the IRS the income tax due on the $682,129 in total income she received in 2008.
The tax evasion charge to which Armienti pleaded guilty carries a maximum potential penalty of five years in prison and a $250,000 fine, or twice the gain or loss caused by the offense. Sentencing is currently scheduled for April 23, 2013.
U.S. Attorney Fishman credited special agents of IRS-Criminal Investigation, under the direction of Acting Special Agent in Charge Shantelle P. Kitchen, with the investigation leading to today’s guilty plea.
The government is represented by Assistant U.S. Attorney R. David Walk Jr. of the U.S. Attorney’s Office in Camden.
Defense counsel: Richard Coughlin Esq., Assistant Federal Public Defender, Camden