A Contractor Out Of Cheshire Has Been Sentenced For Multi-Year Tax Fraud Scheme

This is a clear example of why you shouldn't try to defraud the system when running a business.

A man from Cheshire was sentenced on Monday for his role in a long-running income tax fraud conspiracy linked to his construction business.

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How The Tax Fraud Scheme Played Out

Charging documents allege that over more than three years, 76-year-old Dennis Condron, a resident of Cheshire, concealed more than half a million dollars in customer checks by cashing them and funneling the funds into his personal bank accounts. During this time, he also deposited customer payments into his business, D Condron Construction.

When Condron had his taxes prepared, he reportedly did not inform his accountant that he was cashing and redirecting customer checks, which led to his tax returns showing significantly lower gross receipts by hundreds of thousands of dollars than his actual business income. Instead of paying the federal and state income taxes owed, he kept the money for himself.

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Condron Guilty Plead And Sentencing

In February, Condron admitted to committing four counts of tax fraud. He received a one-year probationary sentence and was fined $40,000. Additionally, he was instructed to pay over $200,000 in restitution.

The bottom line is that if you run a business, always stay on top of your taxes and never engage in any fraudulent schemes. Otherwise, you might end up with the same consequences this man faced. It looks like he's not the only fraudster out there. Check out this list below: