Paul F. Pytko, 49, owner of Pytko Construction Corp. in North Smithfield, R.I., was sentenced today to 3 years probation, to include 20 weekends of incarceration at the Donald W. Wyatt Detention Facility in Central Falls, for concealing the sale of a company asset that he agreed to sell in order to satisfy taxes owed to the IRS, announced United States Attorney Peter F. Neronha, William P. Offord, Special Agent in Charge of IRS Criminal Investigation and Vincent B. Lisi, Special Agent in Charge of the Boston Field Office of the FBI.
At sentencing, U.S. District Court Chief Judge William E. Smith also ordered Pytko to pay restitution to the IRS in the amount of $611,320. Pytko pleaded guilty in June 2014 to one count of conspiracy to defraud the United States and one count of tax evasion.
At the time of his guilty plea, Pytko admitted to the court that he had agreed to sell a large piece of construction equipment to pay down some of the more than $600,000 in debt he owed to the IRS in unremitted employee withholding taxes, penalties and interest incurred for tax periods ending in September 2003 through June 2006.
Pytko admitted to the court that he sold the piece of equipment, but that none of the proceeds were paid to the IRS as was promised. Pytko admitted to the court that some of the funds were wired into a third party account and then disbursements made to pay for business expenses and for his own personal use.
The case was prosecuted by Assistant U.S. Attorney Richard W. Rose, with the assistance of Assistant U.S. Attorney John P. McAdams.
The matter was investigated by IRS Criminal Investigation and the FBI.
Unbiased, Unfiltered. WBOB's Original Reads feature our brightest and boldest personalities, offering their two-cents on the goings on of news, sports, politics, entertainment, and business. -- Are our opinions always PC? Nope. Are they always perfect? Nah. But, are they always 100% authentic? Absolutely!
Read More WBOB