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Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

 

A former Cincinnati, Ohio resident was sentenced today to 24 months in prison for tax and structuring crimes, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division.

According to documents and information provided to the court, Hugo Santamaria pleaded guilty in August 2017 to structuring cash transactions to avoid currency transactions reports and conspiring to defraud the United States. Beginning in 2006, Santamaria owned and operated multiple demolition companies and conspired with his business partner in those companies to conceal income from the Internal Revenue Service (IRS) and evade their personal income taxes.  In order to further his scheme, Santamaria engaged in acts of evasion such as opening bank accounts for his co-conspirator to hide income and serving as a nominee for his co-conspirator’s businesses.  Santamaria also wrote, signed, and cashed numerous checks and made cash withdrawals in amounts less than $10,000 on consecutive days to evade bank-reporting requirements. Read more

Read also: Former Virgin Islands Senator Convicted of Wire Fraud and Theft of Federal Program Funds

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

 

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

 

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes

Former Ohio Businessman Associated With Demolition Companies Sentenced to Prison for Tax Crimes