The owner of a temporary employment agency pled guilty to tax evasion and obstruction schemes dating back to 2010.
Louis DeMaio’s company, Almatt, provided day laborers to construction companies and paid the laborers directly. Payroll deductions were taken from the employees checks but the withholdings were never paid to the IRS. From 2010 to 2018 DeMaio never filed income tax returns or quarterly 941 forms for the business.
During that time DeMaio issued checks for more than 2.5 million dollars to himself and to family members who did not work at his business, and he failed to report any of the money as income.
The tax loss to the IRS was $1,132,398. DeMaio has agreed to pay full restitution, interest and penalties and is looking at eight years in prison.