Massachusetts Contractor Sentenced for $1.8 Million Payroll Tax Scheme
BOSTON – An Ipswich, Mass. man who owned and operated numerous businesses, including a painting and roofing company, was sentenced Wednesday for manipulating his payroll to evade over $1.8 million in taxes.
George Vasiliades, 58, was sentenced by U.S. District Court Judge Allison D. Burroughs to one year of home confinement and three years of supervised release. Vasiliades was also ordered to pay more than $1.8 million in restitution and a $200,000 fine. The government recommended a sentence of 30 months in prison.