United States Attorney's OfficeMAN GETS PRISON TERM FOR INCOME TAX EVASION
United States Attorney Mary Beth Buchanan announced today, January 12, 2007, that Frank Lodovico, Jr. has been sentenced on his plea of guilty to charges of Income Tax Evasion before the Honorable Gary L. Lancaster, United States District Court Judge.
Judge Lancaster ordered that Mr. Lodovico be imprisoned for a period of 12 months and one day and that he undergo a period of supervised release of two years. In imposing sentence Judge Lancaster indicated that the period of incarceration was necessary to emphasize the seriousness of Mr. Lodovico’s conduct and was due to the fact that Mr. Lodovico appeared to have financed his lifestyle, in part, with money he failed to pay in taxes.
According to the information presented to the Court at the time of the plea proceeding, Lodovico attempted to evade the proper income tax due and owing by filing false income tax returns for the years 1999-2001 that substantially understated his true income and the tax due. The scheme to evade taxes that was outlined for the Court involved Mr. Lodovico going into the Murraysville office of National City Bank where he would cash as many as 90 checks at a time from his window washing business and leave the bank with the cash, often between $1500 and $3000 per week. For the tax year 2001 Lodovico reported taxable income of $19,159 when in fact his true taxable income was in excess of $150,000.
The Internal Revenue Service, Criminal Investigation conducted the investigation leading to the indictment in this case.
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