United States Department of Justice
Michael J. Sullivan U.S. Attorney District of Massachusetts |
United States Attorney's Office
John Joseph Moakley U.S. Courthouse 1 Courthouse Way, Suite 9200 Boston, MA 02210 Press Office: (617) 748-3139 |
August 1, 2003
PRESS RELEASE
NORTH READING MAN SENTENCED FOR TAX FRAUD
Boston, MA... A North Reading man was sentenced yesterday in federal court for filing false income tax returns that omitted substantial amounts of income earned by his carpet company, American Carpet Company.
United States Attorney Michael J. Sullivan; Assistant Attorney General Eileen J. O'Connor of the Department of Justice's Tax Division; and Joseph A. Galasso, Special Agent in Charge of the U.S. Internal Revenue Service, Criminal Investigation, announced that STEVEN LABO, age 47, of North Reading, Massachusetts, was sentenced by Chief U.S. District Judge William G. Young to 8 months in community confinement to be followed by 1 year of supervised release. On May 2, 2003, LABO pleaded guilty to a two-count indictment charging him with signing false income tax returns.
At the earlier plea hearing, the prosecutor told the Court that had the case proceeded to trial, the evidence would have proven that during tax years 1993 and 1994, LABO provided figures to his accountant purporting to be the true business receipts of American Carpet Company that in fact substantially understated the actual gross receipts of the business.
The case was investigated by Special Agents of the U.S. Internal Revenue Service, Criminal Investigation. It was prosecuted by Scott Lawson, Trial Attorney assigned to the Department of Justice's Tax Division.
Press Contact: Samantha Martin, (617) 748-3139
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