Two Massachusetts Residents Guilty Of Tax Evasion
A couple from Middleton, Massachusetts, recently pleaded guilty to multiple charges, including tax evasion, in the U.S. District Court in Boston.
Joseph Pingaro, 55, along with his wife, Christine Scola, 52, pleaded guilty to structuring conspiracy and income tax fraud during the period of 2001 to 2006, according to the FBI. Pingaro, who is the owner of J and J Metals of Roxbury, and Scola transferred millions of dollars to a personal bank account, in order to avoid payments to the Internal Revenue Service.
The scheme included making multiple money orders totaling less than $3,000 in order to avoid U.S. Postal requirements, as making withdrawals of less than $10,000 from their personal bank account, to avoid filling out Currency Transaction Reports.
Both Pingaro and Scola could receive a maximum sentence of five years in prison, a $250,000 fine and three years of supervised release. They will each have to pay restitution to the IRS for the failed tax payments. The couple is scheduled for sentencing on July 19.