BOSTON – The owner of a commercial and residential paving business in Hanover has been charged and has agreed to plead guilty in connection with an income diversion scheme.
William E. Dyer, 56, has agreed to plead guilty to one count of tax evasion. A plea hearing has not yet been scheduled by the court.
According to the charging document, Dyer owned and operated Pilgrim Paving. From 2014 through 2018, Dyer allegedly diverted payments from Pilgrim Paving customers by directing customers to write checks to him and then cashing those checks. Dyer failed to report over $1.7 million in diverted receipts and additional business deposits on the tax returns that he filed or that he directed a tax preparer to file on his behalf. As a result of this alleged conduct, Dyer underreported his personal income tax obligations, causing a loss to the Internal Revenue Service of over $600,000.
The charge of tax evasion provides for a sentence of up to five years in prison, three years of supervised release and a fine of $250,000 or twice the gross gain or loss, whichever is greater. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
Acting United States Attorney Nathaniel R. Mendell and Joleen D. Simpson, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigations in Boston, made the announcement. Assistant U.S. Attorney David M. Holcomb of Mendell’s Securities, Financial & Cyber Fraud Unit is prosecuting the case.
The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
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