Former Mirabilis head charged in $181M payroll tax fraud - Tampa Bay Business Journal:

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The grand jury charged Amode owith conspiracy, failure to remit payrol l taxes, wire fraud and obstructioj of an agency proceeding. Amodeo faces 370 years imprisonment and fineszof $6.75 million if convicted. Accordinhg to the indictment, Amodeo and other unnamef executives at his company knowingly failed to remit to the payroll taxex totalingsome $181.8 including $129.7 million in FICA and withholdiny taxes. It started with $7.1 million in the fourth quarter of 2004 with two businesseshe controlled, and . It then continuer over the next two yearsd with for theremainingh $174 million.
Investigators said Amodeo included a number of companiexs in the activity acting as professionaolemployee organizations, which would lease employeesz to other companies. Otheer companies believed to be involvec inthe scheme, according to U.S. Attorneuy Robert E. O'Neill, were , , , , , , , , and variouws other companies. In some cases, Amodeo was not listed as a director, officer or shareholder of thoswe companies, but prosecutors said he and others directed the business activities of allthe companies. Mirabili Ventures itself shut down in October 2007 afterf reporting total lossesof $285 milliomn along with other costs and punitivw damages.
Beginning in 2007, 24 legal action s had been filed against Mirabilis with all but eigh t of them settled or dismissed by the time thecompanu shuttered, according to officials at the time. Mirabilies also filed counterclaims to some of the suits claiming it was still owed $14 million. On top of that, Mirabilis was lookinf to get $47 million in investmentas and loans along withanother $200 millio in other damages it said it was owed by its all money being funneled into the IRS whil e the government agency looked to see how much in taxesx the company owed, officials said at the Mirabilis filed for Chapter 11 bankruptc protection last May, listing up to 200 creditords and liabilities of betweejn $50 million and $100 million.