According to federal authorities, a Massachusetts plumber was sentenced to a year in jail for overcharging customers and failing to pay over $1.5 million in taxes.
According to a statement from the US attorney’s office in Boston, Jared Derrico, 35, of Boxford, was sentenced to three years of probation and ordered to forfeit $315,000 and pay $1.45 million in restitution to the IRS.
He may also be required to reimburse some of his customers an undisclosed sum.
Prosecutors say Derrico deceived at least 11 customers between 2015 and 2019 by either overcharging them for work he accomplished or billing them for work he didn’t do.
According to officials, he subsequently paid or transferred money from his customers into his personal accounts, and lied to his tax preparer about his business receipts to avoid reporting the revenue on his tax returns.
In February, he pleaded guilty to mail fraud and tax evasion.
For overcharging customers and failing to pay more than $1.5 million in taxes, a Massachusetts plumber was sentenced to a year in prison.
Jared Derrico, 35, of Boxford, was sentenced to three years of probation and ordered to forfeit $315,000 and pay $1.45 million in restitution to the IRS, according to a statement from the US Attorney’s Office in Boston.
He may also be ordered to repay an undisclosed sum to certain of his customers.
Prosecutors allege that between 2015 and 2019, Derrico defrauded at least 11 customers by either overcharging them for work he did or billing them for work he didn’t conduct.
A Massachusetts plumber was sentenced to a year in prison for overcharging customers and failing to pay over $1.5 million in taxes, according to federal authorities.
Jared Derrico, 35, of Boxford, was sentenced to three years of probation and ordered to forfeit $315,000 and pay $1.45 million in restitution to the IRS, according to a statement from the US attorney’s office in Boston.
He may also be obliged to pay an undisclosed fee to certain of his customers.
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Officials say he received or transferred money from his customers into his personal accounts after that, and lied to his tax preparer about his business receipts to avoid reporting the revenue on his tax returns.
He pled guilty to mail fraud and tax evasion in February.
A Massachusetts plumber was sentenced to a year in prison for overcharging customers and failing to pay more than $1.5 million in taxes.
According to a statement from the US Attorney’s Office in Boston, Jared Derrico, 35, of Boxford, was sentenced to three years of probation and ordered to forfeit $315,000 and pay $1.45 million in restitution to the IRS.
He could possibly be required to reimburse an undisclosed sum to a number of his clients.
Prosecutors say Derrico deceived at least 11 customers between 2015 and 2019 by overcharging them for work he didn’t do or billing them for the labour he didn’t do.
