States Attorney's Office District of Connecticut
|June 27, 2011||
FORMER SOUTH WINDSOR RESIDENT
David B. Fein, United States Attorney for the District of Connecticut, announced that JOHN IVALDI, 59, of Palm Bay, Florida, and formerly of South Windsor, Connecticut, pleaded guilty today before United States District Judge Janet Bond Arterton in New Haven to one count of filing a false federal tax return.
According to court documents and statements made in court, IVALDI owned and operated businesses that provided maintenance and delivery services to commercial buildings. In 2004 and 2005, IVALDI received approximately $372,619 in income from the businesses, but failed to report that amount as gross receipts on his federal individual income tax returns.
Judge Arterton has scheduled sentencing for September 28, 2011, at which time IVALDI faces a maximum term of imprisonment of three years and a fine of up to $250,000. IVALDI also has agreed to pay $123,440 in back taxes, plus applicable interest and penalties.
This case was investigated by the Internal Revenue Service – Criminal Investigation. The case is being prosecuted by Assistant United States Attorney Elizabeth A. Latif.
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