NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) — The owner of a North Smithfield construction company has pleaded guilty to participating in a conspiracy to defraud the federal government by evading more than $1 million in taxes.
The U.S. attorney's office said Monday 49-year-old Paul Pytko pleaded guilty to one count each of conspiracy to defraud the U.S. by evading taxes and tax evasion.
Prosecutors say the owner of Pytko Construction Corp. agreed to sell several pieces of construction equipment and use the $611,000 in proceeds to pay down more than $1 million he owed the Internal Revenue Service in employee withholding taxes, penalties and interest.
Authorities say he admitted the equipment was sold but that the proceeds were wired into third-party accounts. He used the money for business and personal expenses.
Sentencing is scheduled for September.
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