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Stamford Man Guilty of Income Tax Fraud

Eugene Ceriello, 47, of Stamford pleaded guilty to one count of filing a false tax return Thursday in U.S. District Court in Bridgeport. He was charged with failing to pay federal income taxes on hundreds of thousands of dollars of embezzled income, according to a press release from U.S. Attorney David B. Fein .

Between 2005 and 2008, Ceriello deposited in his personal bank account about $638,000 embezzled from Greenwich Automotive Services , where he worked for 10 years as the manager, the U.S. attorney said. In 2008, Ceriello deposited $191,000 in his bank account and reported income of $52,580 on his federal tax return, the U.S. attorney said.

The embezzled money came from vehicle repair services, gasoline sales and other retail sales, the release said.

Sentencing is scheduled for Sept. 23 of this year. Ceriello faces a maximum jail term of three years and a fine of $100,000. He will also have to pay back taxes, penalties, and interest of approximately $300,000.

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