U.S. Attorney Carmen M. Ortiz.
A former Haverhill and Georgetown insurance salesman pleaded guilty Tuesday in U.S. District Court in Boston to tax evasion in connection with the theft of more than $470,000 he stole from three clients.
Paul Disidoro, 64, of Georgetown, a former Sun Life Financial agent, pleaded guilty to attempting to evade taxes. U.S. District Judge William G. Young scheduled sentencing for next March 8.
For many years, Disidoro operated an insurance business in Massachusetts, including from 2007 through 2010 when he also acted as a financial adviser for some clients. During that period, Disidoro stole more than $470,000 from three clients, used the money for his personal benefit, concealed this income from his tax preparer, and failed to report the embezzled funds on his federal income tax returns. In so doing, Disidoro evaded $144,000 in taxes, according to U.S. Attorney Carmen M. Ortiz’s office, Boston.
The charge of tax evasion provides a sentence of no greater than five years in prison, three years of supervised release, a fine of $250,000, or twice the gross gain or loss, whichever is greater. The case is being prosecuted by Assistant U.S. Attorney Sandra S. Bower of Ortiz’s Economic Crimes Unit.
Moral of this story is…… DON’T TRUST ANY OF THESE BLOKES!
Then who can we trust ? Getting harder to find find trustworthy people. Maybe the Mayor ? He’s a lawyer you know..