Friday, October 30, 2020

Former Bloomberg construction exec pleads guilty to tax evasion

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A former construction executive at Bloomberg LLC pleaded guilty Tuesday to evading taxes on more than a million dollars of cash and gifts he received in a years-long bribery scheme, prosecutors said.

Anthony Guzzone accepted the bribes from subcontractors while working as director of global construction at Bloomberg from 2010 to 2017, prosecutors in Manhattan federal court said.

The subcontractors gave Guzzone cash, did work for him at his New Jersey mansion and gave him Super Bowl ticket packages in exchange for securing maintenance and construction contracts for Bloomberg projects, prosecutors said.

Bribery and tax evasion each impose hidden, unfair costs on the law-abiding public. The sort of criminality admitted to by Anthony Guzzone imposes that burden widely, on customers, on employers, and on taxpayers. Guzzone now awaits sentencing for his crime,” Acting US Attorney Audrey Strauss said in a statement.

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Guzzone worked with several associates in the scheme, including Michael Campana, a subordinate construction manager at the company, who was sentenced to two years in prison in July for dodging taxes on $420,000 he siphoned off.

Campana used the cash in part for personal expenses related to his 2017 wedding, including a $40,000 sum paid by contractors for a catering hall in New Jersey, prosecutors said.

Guzzone, Campana and two other defendants bilked subcontractors out of a total of more than $5 million in the scheme, authorities said.

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