Home » News

Greenland contractor pleads guilty to 4 counts of federal tax evasion






MANCHESTER — A Greenland businessman pleaded guilty this week to four counts of federal tax evasion.

Renato Maldini, 53, of Newington, owns Maldini Electric Inc., in Greenland.

Maldini failed to report $1,419,120 in earnings, avoiding $467,000 in taxes, on federal tax returns he submitted to the Internal Revenue Service for tax years 2004 through 2007, U.S. Attorney John P. Kacavas said in a press release.

Maldini misrepresented 123 non-payroll checks, totalling $1,419,120, as payments to a vendor when they were paid to him personally, prosecutors said.

Maldini is scheduled to be sentenced by U.S. District Court Judge Paul Barbadoro on April 25.

Maldini Electric is still in business. Renato Maldini could not be reached for comment at midday Friday. He is free on personal recognizance bail, according to court papers.

The maximum prison term for tax evasion is five years. The maximum fine for the offense is $100,000.

The case was investigated by the IRS and prosecuted by Assistant U.S. Attorney Robert Kinsella.
Follow us:
Twitter icon Facebook icon RSS icon
  • Should a commuter rail service into New Hampshire be subsidized?
  • Yes
  • 53%
  • No
  • 47%
  • Total Votes: 544

 New Hampshire Business Directory

  

   » ADD YOUR BUSINESS TODAY!

 New Hampshire Events Calendar
    

   » SHARE EVENTS FOR PUBLICATION, IT'S FREE!

News » Events