Ayer Man Sentenced For Tax Evasion, Reports U.S. Attorney

Apr 04, 2001, 01:00 ET from U.S. Attorney

    BOSTON, April 4 /PRNewswire/ -- An Ayer man was sentenced today to in
 federal court for tax evasion, involving the evasion of more than $500,000 in
 taxes.
     United States Attorney Donald K. Stern and Michael Lahey, Special Agent in
 Charge of the U.S. Internal Revenue Service, Criminal Investigation in New
 England, announced that JOSEPH K. BERARDI, age 44, of 13 Pingry Way, Ayer,
 Massachusetts, was sentenced today by U.S. District Judge Richard G. Stearns
 to 1 year and a day, to be followed by 2 years of supervised release, and a
 $40,000 fine.  BERARDI pled guilty in November, 2000 to two counts of tax
 evasion, for the tax years 1994 and 1995.
     At the time of the plea, the prosecutor told Judge Stearns that BERARDI
 worked in his family business, North American Site Developers, Inc. (NASD)
 which is engaged in the demolition business. From 1993-95 BERARDI received
 virtually no salary from NASD but was instead compensated by being allowed to
 sell the building materials that he salvaged from the work sites. BERARDI
 received checks from recyclers and salvage businesses which he then cashed at
 check cashing services or local bars.  The prosecutor told the court that
 BERARDI's tax preparer had instructed him to record and deposit all receipts,
 but that BERARDI did not do so and did not tell the tax preparer of the checks
 he had received from selling the building materials.  The prosecutor stated
 that for the tax year 1993, BERARDI reported on his federal income tax return
 only $2,665 in income and failed to disclose income of approximately $167,834,
 which would have required payment of an additional $53,979 in taxes.  The
 prosecutor stated that for 1994, BERARDI reported only $36,849 in income on
 his tax return, and omitted approximately $671,072 with tax owing of $256,266.
 On his 1995 tax return, the prosecutor stated, BERARDI reported income of
 $27,269, while he failed to disclose approximately $646,499 in additional
 income, with the tax of $260,640 owing on it.  In total, the prosecutor stated
 that BERARDI intentionally and willfully omitted from his federal income tax
 returns $1,448,556 in taxable income for the years 1993-95, and thereby
 avoided paying $570,885 in taxes.
     BERARDI previously repaid to the government all the outstanding taxes he
 owed.
     The case was investigated by the U.S. Internal Revenue Service, Criminal
 Investigation and is being prosecuted by Assistant U.S. Attorney Mark J.
 Balthazard of Stern's Economic Crimes Unit.
 
 

SOURCE U.S. Attorney
    BOSTON, April 4 /PRNewswire/ -- An Ayer man was sentenced today to in
 federal court for tax evasion, involving the evasion of more than $500,000 in
 taxes.
     United States Attorney Donald K. Stern and Michael Lahey, Special Agent in
 Charge of the U.S. Internal Revenue Service, Criminal Investigation in New
 England, announced that JOSEPH K. BERARDI, age 44, of 13 Pingry Way, Ayer,
 Massachusetts, was sentenced today by U.S. District Judge Richard G. Stearns
 to 1 year and a day, to be followed by 2 years of supervised release, and a
 $40,000 fine.  BERARDI pled guilty in November, 2000 to two counts of tax
 evasion, for the tax years 1994 and 1995.
     At the time of the plea, the prosecutor told Judge Stearns that BERARDI
 worked in his family business, North American Site Developers, Inc. (NASD)
 which is engaged in the demolition business. From 1993-95 BERARDI received
 virtually no salary from NASD but was instead compensated by being allowed to
 sell the building materials that he salvaged from the work sites. BERARDI
 received checks from recyclers and salvage businesses which he then cashed at
 check cashing services or local bars.  The prosecutor told the court that
 BERARDI's tax preparer had instructed him to record and deposit all receipts,
 but that BERARDI did not do so and did not tell the tax preparer of the checks
 he had received from selling the building materials.  The prosecutor stated
 that for the tax year 1993, BERARDI reported on his federal income tax return
 only $2,665 in income and failed to disclose income of approximately $167,834,
 which would have required payment of an additional $53,979 in taxes.  The
 prosecutor stated that for 1994, BERARDI reported only $36,849 in income on
 his tax return, and omitted approximately $671,072 with tax owing of $256,266.
 On his 1995 tax return, the prosecutor stated, BERARDI reported income of
 $27,269, while he failed to disclose approximately $646,499 in additional
 income, with the tax of $260,640 owing on it.  In total, the prosecutor stated
 that BERARDI intentionally and willfully omitted from his federal income tax
 returns $1,448,556 in taxable income for the years 1993-95, and thereby
 avoided paying $570,885 in taxes.
     BERARDI previously repaid to the government all the outstanding taxes he
 owed.
     The case was investigated by the U.S. Internal Revenue Service, Criminal
 Investigation and is being prosecuted by Assistant U.S. Attorney Mark J.
 Balthazard of Stern's Economic Crimes Unit.
 
 SOURCE  U.S. Attorney