Dimitrios Kassimis, Tax Evasion, Connecticut 2024

An Old Saybrook contractor has pleaded guilty to tax evasion, evading $233,086.87 in federal income tax.

Dimitrios Kassimis, 58, also known as Jimmy Kassimis, pleaded guilty to one count of tax evasion before U.S. District Judge Omar A. Williams in Hartford on an unspecified date.

According to court documents and statements made in court, Kassimis owns and operates various entities related to his construction business, including Allstate Contracting Group and JRC Renovations. Between 2018 and 2021, Kassimis received substantial income from his businesses but did not file any personal or business federal income tax returns, and also did not file any employment tax returns for his businesses.

The investigation revealed that Kassimis did not have any personal bank accounts and paid all of his personal expenses through his business bank accounts, and also made cash withdrawals from the business accounts at casinos for personal expenses. He also cashed checks made payable to his businesses at a check cashing business in New York and failed to report that income.

In addition, he did not issue IRS Forms 1099 or W-2 to his employees and paid at least some employees in cash.

The tax loss to the IRS for the 2018 through 2021 tax years was $233,086.87.

At sentencing, which is not scheduled, Kassimis faces a maximum term of imprisonment of five years.

This investigation has been conducted by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney David T. Huang.

Source: https://www.justice.gov/usao-ct/pr/old-saybrook-contractor-pleads-guilty-tax-evasion