Vincent Delazzero plead guilty Monday to charges of tax fraud and bid-rigging. Vincent Delazzero and Ralph Petrillo, owners of two of the largest marble and stone contracting companies in the metropolitan area, plead guilty Monday in White Plains federal court to participating in a tax fraud scheme designed to evade taxes on profits made from a collusive bidding scheme in which both participated. Delazzero and Petrillo face a maximum term of five years' imprisonment, three years' supervised release, a fine of $250,000, and restitution to the IRS The announcement of the guilty plea was made by The United States Attorney for the Southern District of New York and the Internal Revenue Service Criminal Investigation Division. Co-schemer Dennis Pilotti, a CPA from Armonk, New York previously pleaded guilty to charges related to the tax evasion scheme with Delazzero and Petrillo is currently serving a 30 month prison term. . According to a press release from the Department of Justice: Between 2000 and 2003, VINCENT DELAZZERO owned Port Morris Tile & Marble Corporation ("Port Morris"), based in the Bronx, New York, which was engaged in the business of importing, fabricating, and installing marble, granite, limestone, and other stone products for the interior and exterior of commercial and residential buildings
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