owner of a paving company in Hanover pleads guilty to tax evasion | USAO-MA

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BOSTON – The owner of a commercial and residential paving company in Hanover pleaded guilty yesterday to a revenue embezzlement scheme.

William E. Dyer, 56, pleaded guilty to one count of tax evasion. Senior US District Court Judge William G. Young set the sentence for March 8, 2022. Dyer was charged on October 26, 2021.

Dyer owned and operated Pilgrim Paving. From 2014 to 2018, Dyer hijacked 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 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 in charge of 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.

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