April 24, 2017 — A senior executive at Gloucester-based National Fish & Seafood pleaded guilty to one count of tax fraud Thursday in U.S. District Court in Boston and is set to be sentenced in July, the Justice Department announced.
Richard J. Pandolfo, 71, of North Andover, was indicted by a federal grand jury last June on four counts of filing false federal tax returns between 2009 and 2012.
The charges were reduced to one count as part of a plea agreement with federal prosecutors. Pandolfo, an executive vice president at the East Gloucester seafood processor, faces up to three years in prison, one year of supervised release, a fine of $100,000 and restitution of $25,879 to the Internal Revenue Service.
Prosecutors charge Pandolfo failed to pay federal tax on about $90,000 of the $95,000 in “substantial supplemental income” he received from former National Fish & Seafood executive and part-owner Jack Ventola from 2008 to 2012.
According to the original indictment, some of the supplemental income went directly to Pandolfo, while other payments went to a shell company established in the name of Pandolfo’s wife, who is not named in the indictment, through another shell company controlled by Ventola.