FOR IMMEDIATE RELEASE
THURSDAY, NOVEMBER 5, 2009
WWW.USDOJ.GOV/USAO/MA
CONTACT: CHRISTINA DiIORIO-STERLING
PHONE: (617)748-3356
E-MAIL: USAMA.MEDIA@USDOJ.GOV
WESTWOOD MAN PLEADS GUILTY TO TAX EVASION
BOSTON, MA - A Westwood man was convicted today in federal court of tax evasion.
Acting United States Attorney Michael K. Loucks and Susan M. Dukes, Special Agent in Charge of the Internal Revenue Service-Criminal Investigation, Boston Field Office, announced today that ALBERT M. TODESCA, age 57, of Westwood, MA, pled guilty before U.S. District Judge William G. Young to one count of tax evasion.
At today’s plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government’s evidence would have proven that TODESCA operated four construction related companies, causing them to issue over $4 million in corporate checks to employees in payment of either all or a portion of their wages. These payments were not classified as wages and were not reported to the IRS. During the years 2002 through 2006 TODESCA caused these payments to be falsely classified on the companies books, as they were characterized as reimbursements for machine parts in an effort to conceal the payroll scheme from the government. The companies involved were Todesca Equipment Co., Inc, R & A Excavating Co., Inc., Angelo Todesca Corp., and Rochester Bituminous Products, Inc. The scheme occurred over a five year period and resulted in the evasion of over $1 million in federal payroll taxes.
Judge Young scheduled sentencing for February 11, 2010. TODESCA faces up to 5 years imprisonment, to be followed by 3 years of supervised release and a $250,000 fine.
The case was investigated by the IRS-Criminal Investigation, Boston Field Office. It is being prosecuted by Assistant U.S. Attorney Anthony E. Fuller of Loucks’ Public Corruption and Special Prosecutions Unit.
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