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Press Release

Gloucester Seafood Executive Sentenced for Tax Charge

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

BOSTON – A senior sales executive at a seafood processing company in Gloucester was sentenced today in federal court in Boston for tax fraud.

 

Richard J. Pandolfo, 71, of North Andover, was sentenced by U.S. District Court Judge Richard G. Stearns to one year of probation with six months to be served in home confinement, a fine of $5,000, and restitution of $25,879. In April 2017, Pandolfo pleaded guilty to one count of making and subscribing a false tax return.

 

From 2008 to 2012, Pandolfo received substantial supplemental income for his work at a seafood processing company in Gloucester from the company’s president. Some of those payments were made directly to Pandolfo or to his spouse, but Pandolfo did not report or pay taxes on any of those payments. Other payments were made by a corporate entity controlled by the seafood processor’s president to a purported interior design company set up in the name of Pandolfo’s spouse. Pandolfo did report that income, but improperly deducted personal expenses from that income as business expenses, thereby improperly reducing the taxes he owed. In total, Pandolfo failed to pay $25,879 in taxes, which he agreed to pay in restitution to the Internal Revenue Service as part of his plea agreement.

 

Acting United States Attorney William D. Weinreb and Joel P. Garland, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston, made the announcement. Assistant U.S. Attorneys Stephen E. Frank and Brian A. Pérez-Daple of Weinreb’s Economic Crimes Unit prosecuted the case.

Updated July 13, 2017

Topic
Tax