Company Owners Sentenced for Falsifying Pension Contribution Reports

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BOSTON – Co-owners of a New Hampshire asbestos abatement company were sentenced yesterday in federal court in Boston for making false statements to employee pension plans. 

Richard Quinn, 58, of Sterling, Mass., and Gary McCaffrey, 66, of Salem, N.H., were each sentenced by U.S. Senior District Court Judge Douglas P. Woodlock to two years of probation with the first six months to be served in home confinement. Both defendants were also ordered to pay a fine of $25,000 and restitution of $337,416. Quinn and McCaffrey previously pleaded guilty on April 30, 2021 and May 25, 2021, respectively, to one count each of making false statements to a pension plan covered by the Employee Retirement Security Act (ERISA).

Quinn and McCaffrey owned and operated Absolute Environmental Inc., an asbestos abatement company. Between November 2014 and May 2017, Quinn and McCaffrey continued to employ several undocumented individuals after being notified of their status. During this time period, Quinn and McCaffrey knowingly falsified reports to pension plans about the work performed by the undocumented individuals, failing to make required pension contributions of over $337,000.

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Acting United States Attorney Nathaniel R. Mendell; Nikitas Splagounias, Acting Special Agent in Charge of the U.S. Department of Labor, Office of the Inspector General, Office of Investigations, Labor Racketeering and Fraud, New York Region; and Carol Hamilton, Boston Regional Director of the Employee Benefits Security Administration made the announcement. Assistant U.S. Attorney Mark Grady of Mendell’s Public Corruption & Special Prosecutions Unit prosecuted the case.

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