Boston auto body shop owner sentenced for tax fraud

 

Date: February 10, 2020

Contact: newsroom@ci.irs.gov

BOSTON – The owner of a Hyde Park auto body shop was sentenced today in federal court in Boston in connection with preparing false tax returns for his company, Automotive Specialties, Inc.

Richard Poillucci of Easton was sentenced by U.S. Senior District Court Judge George A. O'Toole Jr. to four months of home confinement, two years of supervised release, and ordered to pay a $10,000 fine and restitution of $215,522, which Poillucci has already paid. In October 2018, Poillucci pleaded guilty to three counts of aiding the preparation of false tax returns.

Poillucci was the owner of Automotive Specialties Inc. (ASI), an auto body shop specializing in repairing high-end vehicles. Between Sept. 30, 2012 and Sept. 30, 2015, Poillucci cashed millions of dollars of checks from the business at check cashing establishments in Massachusetts and Rhode Island and willfully failed to report that income, or expenses that he paid for in cash with the proceeds from those checks, on ASI's tax returns. As a result, Poillucci failed to report approximately $569,367 to the IRS, thereby avoiding the payment of approximately $215,552 in federal income taxes.

Kristina O'Connell, Special Agent in Charge of the Internal Revenue Service's Criminal Investigations in Boston, made the announcement today. Assistant U.S. Attorney Sara Miron Bloom of Lelling's Securities and Financial Fraud Unit prosecuted the case.