Jack Ventola, the owner of National Fish & Seafood, was arrested in November 2015 for failing to declare and pay taxes on more than $2 million of income.
The indictment against Ventola alleges that Ventola used the services of a temporary labor company named Continental Labor Team, which Ventola controlled. He allegedly prepared false invoices from Continental to obtain payments which he then would deposit directly into his account to pay personal expenses. The indictment also included one count of conspiracy to defraud the Internal Revenue Service.
Richard Pandolfo, of Gloucester, MA, an employee of National Fish & Seafood was indicted on four counts of making and filing false tax returns. It’s alleged that from 2009 to 2012, Pandolfo received over $90,000 in unreported income. The payments were made to either Pandolfo or to a shell company set up in the name of Pandolfo’s wife.
Both cases were scheduled to go to trial in January, but no updates have been released as of yet.
Filing a false tax return typically amounts to a penalty of no greater than three years in prison, one year of supervised release and a $100,000 fine. Conspiracy charges, if proven, could result in “a sentence of no greater than five years in prison, three years of supervised release and a fine of $250,000 or twice the gross gain or loss from the offense.