BOSTON — The owner of a local paving business today pleaded guilty to tax evasion in a seven-year scheme to underreport his income on his tax returns.
Robert Brainard, 52, of Weymouth, pleaded guilty to one count of tax evasion. U.S. District Court Judge Leo T. Sorokin set his sentence for October 17, 2022. Brainard was indicted on July 15, 2022.
Brainard, the former owner of Got Pavement Needs, Inc., under-reported his income on his personal tax returns for the 2014 through 2021 tax years, resulting in an income tax loss of over of $593,993. Additionally, to hide his control of the company, Brainard transferred ownership of his company 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.