Please E-mail suggested additions, comments and/or corrections to Kent@MoreLaw.Com.
Case Number: 1:21-cr-00078-MSM-PAS
Court: United States District Court for the District of Rhode Island (Providence County)
Plaintiff's Attorney: United States Attorney’s Office
Description: Providence, Rhode Island criminal defense attorney represented defendant charged with for tax evasion.
Gladys Rossi, sole owner and operator of the now defunct R.I.J. Inc., the former owner of a Providence-based business that affixed price tags to jewelry for other companies ws charged for failing to report more than $1.2 million in business revenue.
According to charging documents, an investigation by Internal Revenue Service Criminal Investigation determined that from 2012 through 2015, Ms. Rossi routinely cashed checks issued to her business by clients, but failed to report the income to the IRS. Ms. Rossi paid employees under-the-table and failed to maintain or prepare business records that accurately tracked expenditures, gross income, net income, profits, and dividend disbursements.
Ms. Rossi failed to report income totaling $1,226,707.21, resulting in an underpayment of taxes of at least $407,767. Accrued interest on the amount of taxes due the IRS totals $147,848.45. As part of the sentence, Ms. Rossi was ordered to pay restitution in the amount of $555,615.45, which is made up of the underpayment sum with interest added.
The case was prosecuted by Assistant U.S. Attorney Milind M. Shah.
26:7206(1) - FILING FALSE TAX DOCUMENTS
Outcome: 2 years of Probation as to Counts 1 and 2 to run concurrent, $200.00 special assessment, $555,615.45 in restitution