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Press Release

Boston Man Pleads Guilty to Concealing Income and Filing False Tax Returns

For Immediate Release
U.S. Attorney's Office, District of Massachusetts

BOSTON – A Boston man pleaded guilty today to concealing business income and filing multiple false tax returns. 

Albert Casiello, 56, pleaded guilty to three counts of filing false tax returns before U.S. District Court Judge Rya W. Zobel who scheduled sentencing for April 12, 2023. Casiello was charged on Jan. 11, 2023. 

Between 2013 and 2015, Casiello was the president, sole shareholder and primary operator of Cassco Development Group, Inc., a Massachusetts construction business. For each of the tax years 2013, 2014 and 2015, Casiello concealed his business income by depositing customer payments in bank accounts held in the names of other entities. Casiello then filed false tax returns for the years 2013, 2014 and 2015, resulting in a tax loss of $315,856.

The charge of filing false tax returns provides for a sentence of up to three years in prison, one year of supervised release, a fine of up to $100,000 and restitution. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

United States Attorney Rachael S. Rollins and Joleen D. Simpson, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigations in Boston made the announcement. Assistant U.S. Attorney Christopher J. Markham of Rollins’ Securities, Financial & Cyber Fraud Unit is prosecuting the case.

Updated January 24, 2023