BOSTON – The owner of a commercial and residential paving company in Hanover has been indicted and has agreed to plead guilty in a ploy of embezzlement.
William E. Dyer, 56, has agreed to plead guilty to one count of tax evasion. A plea hearing has yet to be set by the court.
According to the indictment document, Dyer owned and operated Pilgrim Paving. From 2014 to 2018, Dyer reportedly diverted payments from Pilgrim Paving’s clients by asking them to write checks to him and then cash those checks. Dyer failed to report more than $ 1.7 million in misappropriated receipts and additional business deposits in the tax returns he filed or had a tax preparer file on his behalf. As a result of this alleged conduct, Dyer underreported his personal tax obligations, causing a loss to the Internal Revenue Service of nearly $ 600,000.
The tax evasion charge carries a sentence of up to five years in prison, three years of supervised release and a fine of $ 250,000 or double the gross gain or loss, whichever is greater. Sentences are imposed by a judge in a federal district court based on US sentencing guidelines and other statutory factors.
Acting US attorney Nathaniel R. Mendell and Joleen D. Simpson, Special Agent for Criminal Investigations for the Internal Revenue Service in Boston, made the announcement. Deputy US attorney David M. Holcomb of Mendell’s Securities, Financial & Cyber Fraud unit is pursuing the case.
Details contained in the indictment documents are allegations. The defendant is presumed innocent unless and until his guilt has been proven beyond a reasonable doubt by a court.