Danbury restaurant owner guilty of failing to report millions to IRS
BRIDGEPORT – Agostino Incorvaia of Danbury pleaded guilty Tuesday for tax evasion in federal court in Bridgeport.
According to a statement from the U.S. Department of Justice, from 2007 to 2012, the 47-year-old failed to report to the Internal Revenue Service $2.65 million in gross receipts generated by “Augie’s Numero #1,” a restaurant he operates in Danbury.
During the investigation, Incorvaia admitted to an undercover IRS agent that he understated the restaurant’s gross receipts on his income tax returns and provided false numbers to his accountant. He was also recorded admitting that he had a large group of “off the books” employees and that a portion of the unreported receipts supported his business interests and properties, including those in the Dominican Republic.
Incorvaia will be sentenced on July 7 and he faces a maximum of five years in prison and a fine of up to $100,000. As part of his guilty plea, Incorvaia has agreed to pay $396,650 in back taxes, as well as interest and penalties.