Friday, September 23, 2011

Frank L. Amodeo sentenced to 22 years behind bars - Tampa Bay Business Journal:

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U.S. District Judge John Antoon II Tuesday sentenced the former leaderof , to 22 yearsw and six months in federal prison for conspirinh to commit wire fraud, obstructing an agency impeding the and failing to remit payrolpl taxes. Amodeo also will lose more than $1 millionb seized from various accounts as well as three luxury vehicles, commercial real estate, a Learjet and his corporations. Antoon also ordered Amodeo topay $181 the amount prosecutors with the U.S. Attorney’s Office say he owes in payrolkltax funds.
Amodeo to the charges last A one-time player in the failed Trump TowerTampwa project, he reportedly purchased the assets of the 52-story tower along with a second relatedr project in Clearwater. Frank Dagostino, head of the then Trumo Tower Tampadeveloper , told the Tampa Bay Businesss Journal in October 2007 that whilwe there was a handshake deal for Mirabilis to purchasr the project, it was a deal that was never consummated. Amodel originally faced up to 370 years in prison and fine s of morethan $6.75 million after he and othef unnamed executives failed to pay the IRS $181.2 million, including $129.7 million in FICA and withholding taxes. It startesd with $7.
1 million in the fourth quarter of 2004 with two businessess hecontrolled — Sunshine Cos. III and Sunshin e Staff Leasing. It then continued over the next two yearss with for theremaining $174 million. Investigators at the time of his originalk indictment in August 2008 said Amodelo included a number of companied in the activity acting as professionalemployeee organizations, which would lease employees to other Other companies believed to be involved in the according to the U.S. Attorney’s were , , , , , , , and various others.
Last October, were handed down againsrt many of the companies associated with the They are charged with conspiracy and wire and could face fines of upto $400

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