Brooklyn Boro

Federal prosecutors charge town official with tax evasion

March 23, 2015 Brooklyn Daily Eagle
Eastern District Attorney Loretta Lynch. AP photo
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A Long Island town official has been charged with six counts of tax evasion, according to an unsealed indictment released last week.

Frederick Ippolito, commissioner of planning and development for Oyster Bay, was scheduled to be arraigned March 20 before U.S. Magistrate Judge A. Kathleen Tomlinson.

According to the indictment, from 2008 to 2013, Ippolito received more than $2 million in consulting fees from Carlo Lizza & Sons, Paving, Inc., a company located in Old Bethpage, N.Y., as well as from a principal of that company.

Ippolito allegedly evaded taxes on that income by willfully failing to report it on his personal tax returns or the tax returns of entities he controlled. Ippolito is the president of CAI Associates, LTD, a consulting and snow removal business, and a former officer of CAI Restaurant, Inc., d/b/a Christiano’s, in Syosset, N.Y.

“The public expects their elected and appointed officials to obey the same laws as it does,” IRS-Criminal Investigation Special Agent in Charge Shantelle P Kitchen stated.

“Tax evasion victimizes every taxpaying American,” stated U.S. Attorney for the Eastern District Loretta Lynch. “We and our partners in the IRS will continue to aggressively identify and pursue all individuals — including public officials — who evade their taxes. No one is above the law.”

If convicted, Ippolito, 75, faces a statutory maximum sentence of five years in prison and a fine of up to $250,000 on each of the six counts.

 

-Information provided by U.S. Attorney for the Eastern District.

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