Former CPA indicted in scheme to hide Wareham corporate taxes from state

WAREHAM – The former accountant of a Wareham asphalt company has been indicted in a scheme to hide the company’s taxable sales by falsifying financial documents with the Department of Revenue (DOR) of the State, Attorney General Maura Healey announced today.

Christopher Polito, 37, of Dedham, was arraigned in Suffolk Superior Court on Monday and charged with obstructing the administration of the DOR (one count), misrepresenting the DOR (one count) and conspiracy (two counts) ). He was indicted by a Suffolk County grand jury on August 19 and is due to return to court on December 15 for a pre-trial conference.

Polito was previously employed as an accountant by Rochester Bituminous Products Inc. (Rochester). According to the AG’s investigation, following a dismissal from the DOR, in 2015 Polito submitted numerous false documents to the DOR in an attempt to hamper an audit of his company from 2011 to 2013 and reduce the total taxable sales made by the business during this period. period. The AG’s office specifically alleges that Polito altered the documents to appear as though sales had been made to entities exempt from the state’s 6.25% sales tax.

State law exempts certain entities from paying sales tax, including federal and state government entities, as well as religious, scientific, charitable, or educational organizations. The GA office alleges that the Polito sales detailed in the forged documents were made to non-exempt private entities.

This investigation is ongoing. These charges are allegations and the accused are presumed innocent until proven guilty.

This case is being pursued by Special Assistant Attorney General Bensen Solivan of the DOR and Assistant Attorney General Edward A Beagan of the AG’s White Collar and Public Integrity Division with the assistance of investigators from the Bureau of Criminal Investigations. of DOR.

Source link

Comments are closed.