North Andover Seafood Co. Executive Admits to Tax Fraud

BOSTON, MA – A 71-year-old executive of a Gloucester seafood processing company pleaded guilty today in federal court to tax fraud.

Richard J. Pandolfo, 71, of North Andover, pleaded guilty to one count of making and subscribing a false tax return, according to the U.S. Attorney's Office.

U.S. District Court Judge Richard G. Stearns scheduled sentencing for July 13.

Pandolfo was indicted by a federal grand jury in June 2016.

From 2008 to 2012, Pandolfo received substantial supplemental income for his work at a seafood processing company in Gloucester from the company’s president.

Some of those payments were made directly to Pandolfo or to his spouse, but Pandolfo did not report or pay taxes on any of those payments.

Other payments were made by a corporate entity controlled by the seafood processor’s president to a purported interior design company set up in the name of Pandolfo’s spouse.

Pandolfo did report that income, but improperly deducted personal expenses from that income as business expenses, thereby improperly reducing the taxes he owed.

In total, Pandolfo failed to pay $25,879 in taxes, which, as part of the plea, he agreed to pay in restitution to the Internal Revenue Service.