BOSTON – In a federal court in Boston, former Marlborough resident and accounting and real estate executive, James Ruggiero, was sentenced to two years in prison for his role in a multi-year scheme to defraud the Internal Revenue Service (IRS).
Ruggiero, 59, was found guilty of conspiracy to defraud the IRS and obstruction of justice. He was sentenced on March 15, 2024, and was ordered to pay $1.6 million in restitution to the victims of the earlier fraud scheme.
Related Federal Cases
- Amgen Pays $71M for Pushing Drugs Off-Label · Kentucky
- Amgen Inc, Pharmaceutical Misrepresentation, California 2024 · Kentucky
- Michail McKen, Sex Trafficking, New York 2022 · Kentucky
- Glastonbury Psychologist Sentenced to Prison for $1.6M Medicaid Scam · Kentucky
- James Pavlounis, Social Security Administration Scam, New Rochelle … · Kentucky
🔍 Search Public Records
Look up criminal records, arrest reports, and background checks for anyone.
The investigation revealed that Ruggiero received more than $1.6 million in compensation and fringe benefits under the table, while lying to the U.S. Attorney’s Office about his income to avoid paying restitution he owed to the victims.
Ruggiero’s scheme involved a complex web of deceit and misrepresentation, which ultimately led to his conviction and sentencing. The U.S. Attorney’s Office commended the efforts of the investigators and prosecutors who worked tirelessly to bring Ruggiero to justice.
Ruggiero’s sentencing marks the end of a lengthy and complex investigation, which shed light on the extent of his wrongdoing and the harm caused to the victims of the earlier fraud scheme.
The case serves as a reminder of the importance of holding individuals accountable for their actions and the consequences of attempting to evade the law. The U.S. Attorney’s Office will continue to work tirelessly to protect the public and uphold the rule of law.
As Ruggiero begins his two-year prison term, the victims of the earlier fraud scheme can finally find some measure of justice and closure. The U.S. Attorney’s Office remains committed to ensuring that those who engage in fraudulent activities are held accountable and that justice is served.
Key Facts
- State: Alabama
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source â†â€â€ÂÂ
ðŸâ€ÂÂÂ’ Get the grimiest stories delivered weekly. Subscribe free →
Browse More
All Alabama Cases →All Districts →
Related Criminal Cases in White Collar Crime
- John Doe, Theft of Government Funds, Pennsylvania 2020
- John Doe, Bribery and Mail Fraud, Kentucky 2020
- John Doe, Counterfeit Check Scheme, California 2022
