Gennaro Angiulo, the owner of GJ Towing in Boston, was charged with a payroll fraud scheme that defrauded the US government by more than 3.3 million dollars. Angiulo is the son of Gennaro ‘Jerry’ Angiulo, a former mob boss who ran the mafia in Boston with his brothers from the 1960s to the 1980s.
From 2014 through 2017 the younger Angiulo paid a portion of wages to his employees in cash, and failed to collect, account for, or pay over to the IRS the required withholding and FICA taxes.
To fund payroll Angiulo cashed checks made out to the towing company and failed to record those checks as income, furthering his legal troubles.
Angiulo faces up to 15 years in prison, restitution, and fines up to $750,000.