Stoughton Man Sentenced for Tax Evasion and Mail and Wire Fraud, Reports U.S. Attorney.
BOSTON, Aug. 1 /PRNewswire/ -- A Stoughton man who owns a photocopy center in Needham, Massachusetts Needham is a town in Norfolk County, Massachusetts, United States. History
Needham was first settled in 1680 and officially incorporated in 1711. Originally part of the Dedham Grant, Needham split from Dedham and was named after the village of Needham Market in Suffolk, , was sentenced in federal court today for tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates.
Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. and fraud involving his conduct in falsely under- reporting the receipts of his business by hundreds of thousands of dollars.
United States Attorney United States Attorneys (also known as federal prosecutors) represent the United States federal government in United States district court and United States court of appeals. There are 93 U.S. Michael J. Sullivan Some people have been named "Michael J. Sullivan":
On March 11, 2003, MEHTA pleaded guilty to an indictment charging him with sixteen counts of tax evasion and mail and wire fraud. At the plea hearing, the prosecutor told the Court that, had the case proceeded to trial, the evidence would have proven that MEHTA owned and operated a Sir Speedy Printing Center (the "Printing Center") located at 33 Highland Avenue in Needham, Massachusetts. MEHTA operated the Printing Center pursuant to a franchise agreement with Sir Speedy, Inc.
For calendar years 1994, 1995 and 1996, MEHTA falsely understated by more than $600,000 the gross business receipts for the Printing Center that he reported on his federal income tax returns. As a result, MEHTA substantially under-reported his taxable income in each of these three years.
In addition, the gross sales Gross Sales
A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. figures that MEHTA reported to Sir Speedy for the same three year period understated by an even greater amount the Printing Center's actual gross sales for that time period. Under the terms of his franchise agreement with Sir Speedy, MEHTA was required to pay Sir Speedy royalty and advertising fees equal to seven percent of the Printing Center's gross sales. By understating his actual receipts, MEHTA defrauded Sir Speedy of these fees. The Court ordered MEHTA to pay Sir Speedy $269,827 in restitution for this fraudulent scheme.
The case was investigated by the U.S. Internal Revenue Service, Criminal Investigation and was prosecuted by Assistant U.S. Attorney Michael J. Pineault in Sullivan's Economic Crimes Unit.
CONTACT: Samantha Martin of U.S. Attorney, +1-617-748-3139