A North Smithfield construction company owner has been sentenced for tax evasion after concealing the sale of a company asset to satisfy taxes owed to the IRS.
Paul F. Pytko, 49, owner of Pytko Construction Corp. in North Smithfield, R.I., was sentenced to 3 years probation, including 20 weekends of incarceration at the Donald W. Wyatt Detention Facility in Central Falls.
Pytko also was ordered to pay restitution to the IRS in the amount of $611,320, according to a press release from U.S. Attorney Peter F. Neronha.
Pytko pleaded guilty in June 2014 to one count of conspiracy to defraud the United States and one count of tax evasion.
At the time of his guilty plea, Pytko admitted to the court that he had agreed to sell a large piece of construction equipment to pay down some of the more than $600,000 in debt he owed to the IRS in unremitted employee withholding taxes, penalties, and interest incurred for tax periods ending in September 2003 through June 2006.
Pytko admitted to the court that he sold the piece of equipment, but that none of the proceeds were paid to the IRS as was promised.
The case was prosecuted by Assistant U.S. Attorney Richard W. Rose, with the assistance of Assistant U.S. Attorney John P. McAdams.
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Key Facts
- State: Rhode Island
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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