BOSTON — The owner of a local paving business was charged today and agreed to plead guilty in connection with a seven-year scheme to underreport his income on his tax returns.
Robert Brainard, 52, of Weymouth, has agreed to plead guilty to one count of tax evasion. A plea hearing has not yet been scheduled by the court.
According to the billing document, Brainard, the former owner of Got Pavement Needs, Inc., underreported his income on his personal tax returns for the 2014 through 2021 tax years, resulting in a loss of income. income tax over $593,993. Additionally, to hide his control of the business, Brainard allegedly transferred ownership of his business in a straw sale, while retaining control over the company’s operations and revenues.
The tax evasion charge carries a sentence of up to five years in prison, up to three years of supervised release and a fine of $250,000 or double the gross gain or loss, whichever is greater. higher. Sentences are imposed by a federal district court judge based on US sentencing guidelines and the laws that govern sentencing in a criminal case.
US Attorney Rachael S. Rollins and Joleen D. Simpson, Special Agent for Criminal Investigations for the Internal Revenue Service in Boston, made the announcement today. Assistant U.S. Attorney Kriss Basil of Rollins’ Securities, Finance and Cyber Fraud Unit is prosecuting the case.
The details contained in the charging document are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt by a court.