June 2, 2004

PRESS RELEASE

MANSFIELD RESIDENT CHARGED WITH FILING FALSE TAX RETURNS

Boston, MA... In an Information filed today in federal court, a Mansfield resident was charged with filing false tax returns that fraudulently inflated the expenses of his business by approximately $97,000 during the years 1997 and 1998.

United States Attorney Michael J. Sullivan and Joseph A. Galasso, Special Agent in Charge of the U.S. Internal Revenue Service, Criminal Investigation, announced that JEFFREY MARGOLIN, age 46, of 195 Tremont Street in Mansfield, Massachusetts, was charged in a two-count Information with filing false and fraudulent federal income tax returns.

According to the Information, MARGOLIN owned a Brighton-based towing company named J.D. Towing. The Information charges that during the years 1997 and 1998, MARGOLIN filed U.S. Individual Income Tax Returns that falsely understated the net profit from J.D. Towing's business operations by fraudulently inflating the alleged business expenses of the company. Specifically, the Information charges that MARGOLIN falsely overstated J.D. Towing's business expenses by approximately $97,000 over this two-year time period.

If convicted, MARGOLIN faces up to 5 years' imprisonment on each of the Information's two counts.

The case was investigated by the U.S. Internal Revenue Service, Criminal Investigation and is being prosecuted by Assistant U.S. Attorney Michael J. Pineault in Sullivan's Economic Crimes Unit.

Press Contact: Samantha Martin, (617) 748-3139