TEWKSBURY — On April 9, 2021, the United States Attorney’s business for the District of Massachusetts announced that Arnold Martel, Sr., age sixty one, of Tewksbury, was billed with defrauding the federal government of more than $480,000 by engaging in a multi-12 months tax evasion plan.
According to charging files, for the tax many years 2014 by 2017, Martel personally acquired more than $1.2 million in payments for upgrades to the Bella Woods condominiums his enterprise offered on East Avenue in Tewksbury.
United States v. Arnold Martel alleges that prospective buyers of the Bella Woods condominiums “paid for extras and upgrades to the units, which includes hardwood floors, supplemental lights, and upgraded bathrooms” by way of checks paid out to Martel immediately.
Martel endorsed checks and deposited the payments into his personalized accounts or cashed them, but did not report this earnings on his tax returns according to the allegations. Martel did, nevertheless, deduct the expenditures for the development of the upgrades on his tax returns, according to court files.
Martel pleaded guilty to a person count of tax evasion Thursday, May possibly thirteen, according to federal prosecutors. U.S. District Court docket Choose George A. O’Toole Jr. has scheduled sentencing for Sept. 22, 2021. Martel should show up in man or woman, at 2 p.m.
Martel owns A & M Land Corp. and has created many condominium and condominium qualities in Tewksbury which includes Bella Woods, Katie Estates, The Home at Joan’s Farm, Martel Estates, Frasier Estates, Eagles Landing, Blacksmith Village on Bligh Avenue and other individuals.
For the tax evasion charge, Martel could be sentenced to up to five many years in jail as nicely as a great of at the very least $250,000. He is also demanded to spend restitution to the IRS. The U.S attorney’s business files point out that “the charge of tax evasion supplies for a sentence of up to five many years in jail, up to 3 many years of supervised release and a great of $250,000 or 2 times the gross gain or reduction, whichever is bigger.”
According to Martel’s plea deal, “the Defendant has accepted responsibility” for his crimes.
A press release from the United States Attorney’s business lists Acting United States Attorney Nathaniel R. Mendell and Ramsey E. Covington, Acting Distinctive Agent in Charge of the Internal Income Service’s Felony Investigation in Boston as building the announcement. Assistant U.S. Attorney Sara Miron Bloom of Mendell’s Securities, Money & Cyber Fraud Unit is prosecuting the situation.