Staten Island Business Owners Guilty Of Tax Evasion
Posted on Friday, 27 of November , 2009 at 5:29 pm
ALBANY— The former owners of two Staten Island businesses Abstracts Unlimited Inc. and Home Detailing Inc. have pleaded guilty to felony tax charges for failing to file New York State personal income tax returns from 2002 through 2004 while having a tax liability in each of those years.
Joseph Devito, 39, and his wife, and Mary Ann Pallidino, 40, formerly of 132 Kramer St., Staten Island, both currently residing at 56 Memorial Blvd., Tobyhanna, Pa, entered a guilty plea in State Supreme Court before Justice Leonard P. Reinzito for second degree grand larceny.
The couple is scheduled to be sentenced on Jan. 13 and could receive up to six years in prison.
Devito and Pallidino were accused of embezzling over $1 million from new homeowners and their franchiser, Fidelity National Title of Jacksonville, Fla., a title insurance company. The couple allegedly accepted payment for mortgage fees, mortgage taxes, customer fees, real property filing fees and escrow account funds and then pocketed the money and failed to report it as personal income for tax purposes.
As part of the plea agreement, Devito and Pallidino admitted to failing to file New York State personal income tax returns from 2002 through 2004. The amount due to the Tax Department is $150,000. 11-27-09
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http://www.northcountrygazette.org/2009/11/22/moving_on/
Category: Business, Consumers, Courts, Crime, Taxes
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