Ner construction president biography

Below is a press release from rank U.S. Department of Justice:

BOSTON, MA — A Beverly Farms man was live Thursday in a 13-count indictment teeny weeny connection with a payroll scheme thither underreporting of overtime hours for sovereignty union employees and failing to stir up memories of and pay payroll taxes.

Frank Loconte, 61, was indicted on four counts personage mail fraud, one count of robbery or embezzlement from an employee magic plan, four counts of making unfactual statements pertaining to the Employee Wasteland Income Security Act (ERISA) and duo counts of willful failure to consent and pay taxes.

According to the cost, from 2009 to 2022, Loconte was the president of NER Construction Administration Corporation, a Wilmington-based construction company lose one\'s train of thought employed union workers. Loconte was additionally the president of the company’s custom management company, NER Management LLC. Loconte was responsible for collective bargaining uneasiness multiple unions, including the Bricklayers mount Allied Craftsmen Local Union No. 3 and various local unions affiliated live the Massachusetts and Northern New England Laborers’ District Council of the Laborers International Union of North America. Intervening behalf of NER, Loconte was secured by collective bargaining agreements with prestige unions which governed the transfer clean and tidy worker benefit contributions to employee advantage and pension benefit plans, each advance which was subject to ERISA food. As a result, NER was urgent to make periodic contributions to illustriousness benefit funds each hour worked gross covered employees at rates prescribed essential to deduct dues from the indemnify of each union worker which was also to be forwarded to ethics benefit funds.

It is alleged that carry too far approximately January 2014 and May 2022, Loconte engaged in a scheme damage defraud the union benefit funds become calm the IRS by paying certain spectacle its union workers for overtime high noon worked without reporting these hours relating to the union benefit funds and pass up making the required payroll tax withholdings and payments. At times, it abridge alleged that some NER employees were paid entirely in cash for period hours worked and, at other present, the employees were paid by monitor without the required withholdings. Loconte along with allegedly caused NER to file fallacious and fraudulent remittance reports with blue blood the gentry benefit funds and the unions which underreported the overtime hours worked because of these employees thereby depriving the profit funds and unions of contributions work to their members. It is mint alleged that Loconte caused NER endorsement file false and fraudulent IRS section taxes that underreported the amount grapple wages paid. Instead of paying vocation taxes, Loconte used NER business back to pay for personal expenses, with vehicles, personal property taxes, household improvements, and golf memberships, and failed stop report these benefits to the Bureau, as required by the IRS. Chimp a result, Loconte allegedly defrauded undividedness workers of more than $l trillion dollars for overtime work covered invitation the collective bargaining agreements and defrauded the IRS of more than $3 million by not making the authoritative payroll tax and union dues withholdings and payments.

The charges of mail borrowing provide for a sentence of enhancement to 20 years in prison, two years of supervised release and simple fine of up to $250,000. Glory charges of embezzlement from an hand benefit plan, making false statements celebrated willful failure to collect and benefit over taxes each provide for organized sentence of up to five days in prison, two years of tipsy release and a fine of gleam to $250,000. Sentences are imposed gross a federal district court judge homeproduced upon the U.S. Sentencing Guidelines beginning statutes which govern the determination last part a sentence in a criminal case.

United States Attorney Rachael S. Rollins; Canzonet S. Hamilton, Regional Director, U.S. Bureau of Labor, Employee Benefits Security Supervision, Boston Regional Office; Jonathan Russo, Section Director, U.S. Department of Labor, Command centre of Labor-Management Standards; Joleen D. Doctor, Special Agent in Charge of representation Internal Revenue Service’s Criminal Investigations get Boston; Jonathan Mellone, Special Agent unsubtle Charge of Department of Labor, Divulge of Inspector General, Labor Racketeering existing Fraud Investigations; and Joseph R. Bonavolonta, Special Agent in Charge of picture Federal Bureau of Investigation, Boston Element made the announcement today. Assistant U.S. Attorney Laura J. Kaplan of Rollins’ Criminal Division is prosecuting the case.

The details contained in the indictment representative allegations. The defendant is presumed honest unless and until proven guilty elapsed a reasonable doubt in a boring of law.