Monday, October 6, 2008

Mirabilis chief Amodeo pleads guilty in $181M tax fraud scheme

Frank Amodeo, the former leader of Mirabilis Ventures Inc., pleaded guilty Tuesday to charges stemming from what prosecutors called a $181 million payroll tax fraud that could’ve landed Amodeo in prison for the rest of his life.

Instead, Amodeo admitted to conspiracy to commit wire fraud, obstruction of an agency proceeding, impeding the Internal Revenue Service in the assessment and collection of taxes, failure to remit payroll taxes, and obstruction of an agency proceeding. He could still face up to 25 years imprisonment, a $1.25 million fine, and three years supervised release, according to U.S. Attorney Robert E. O’Neill’s office.

Amodeo was a one-time player in the Trump Tower Tampa project who had reportedly purchased the assets of that 52-story tower project along with a second related project in Clearwater. Frank Dagostino, the head of the one-time Trump Tower Tampa builder SimDag-RoBEL, told the Tampa Bay Business Journal last October that while there was a handshake deal for Mirabilis to purchase the project, it was a deal that was never consummated.

Source

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