BOSTON – A senior sales executive at a seafood processing company in Gloucester was indicted yesterday on federal tax charges.
Richard J. Pandolfo, 70, of North Andover, was indicted on four counts of making and subscribing false tax returns. He is scheduled to be arraigned before U.S. District Court Magistrate Judge Kelley on June 16, 2016.
He was initially charged in a criminal complaint and arrested on April 7, 2016.
According to the indictment, from 2009 to 2012, Pandolfo received substantial supplemental income for his work at the seafood processing company in Gloucester from the company’s president. Some of those payments were allegedly made directly to Pandolfo or his wife, but Pandolfo did not report or pay taxes on any of those payments.
The indictment also alleges that other payments were made to a shell company set up in the name of Pandolfo’s wife, and were directed through a shell company controlled by the company’s president. Pandolfo allegedly did report that income, but claimed personal expenses as business expenses and deducted them, thereby improperly lowering the taxes he owed.
The charging statute provides a sentence of no greater than three years in prison, one year of supervised release and a fine of $100,000. Actual sentences for federal crimes are typically less than maximum penalties. Sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Carmen M. Ortiz; Joel P. Garland, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston, made the announcement. This case is being prosecuted by Assistant U.S. Attorneys Stephen E. Frank and Brian A. Pérez-Daple of Ortiz’s Economic Crimes Unit.
The details contained in the indictment are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.