New Rochelle resident Vincent Delazzero of 10 Shore Club Drive and co-conspirator Ralph Petrillo of Bronxville plead guilty Monday to charges of tax fraud and bid-rigging. Vincent Delazzero and Ralph Petrillo, owners of two of the largest marble and stone contracting companies in the metropolitan area, plead guilty Monday in White Plains federal court to participating in a tax fraud scheme designed to evade taxes on profits made from a collusive bidding scheme in which both participated. Delazzero and Petrillo face a maximum term of five years’ imprisonment, three years’ supervised release, a fine of $250,000, and restitution to the IRS
The announcement of the guilty plea was made by The United States Attorney for the Southern District of New York and the Internal Revenue Service Criminal Investigation Division.
Co-schemer Dennis Pilotti, a CPA from Armonk, New York previously pleaded guilty to charges related to the tax evasion scheme with Delazzero and Petrillo is currently serving a 30 month prison term. .
According to a press release from the Department of Justice:Read more
Free money ! It's enough to get anyone salivating just thinking about how it could be spent. What would you do ? A new car, A house, maybe that yacht you envisioned, sailing the Bahamas, carefree and casual. Sounds pretty sweet. The only problem in this scenario is the fact that there is no such thing as free money. If you were down on your luck and your neighbors chipped in with some financial assistance would you be comfortable spending it on the yacht, or would you get some clothes for your kids, fix that sewer that keeps backing up, or generally take care of some of those things that have been in need of attention but you just haven't had the money ? All this money, if it ever materializes, comes from our neighbors (taxpayers) and with it, you would think, comes some sort of responsibility to use it to help the citizen's quality of life.Read more