A Boston area real estate developer was charged with defrauding the government of more than $480,000 by engaging in a multi-year tax evasion scheme.

Between 2014-2017 the man personally received more than $1.2 million in payments for upgrades to condominiums his company sold.  Instead of making the improvements, he deposited the funds into his personal account and did not report this income on this tax returns.

The real estate developer pleaded guilty to tax evasion and faces a sentence of up to five years in prison, up to three years of supervised release and a fine of $250,000, along with payment of restitution to the IRS.