Construction couple pleads guilty to tax evasion

Two contractors pleaded guilty to tax evasion for work done during two of the busiest hurricane seasons in recent memory, according to U.S. Attorney Wifredo A. Ferrer.

Scarlet and Steven M. Veres III, formerly of Broward County, pleaded guilty Tuesday to one count each of conspiracy to defraud the United States for their roles in a scheme to evade paying taxes on income received through their construction company in 2004 and 2005, prosecutors said.

The Veres were the sole shareholders of Broward-based Superior Contracting, which received millions from contracts to make hurricane-related repairs. They diverted corporate receipts for their own use, evidence showed.

  • MapMaps
  • Parkland, FL

They falsified the profit and loss statement of Superior Contracting by concealing purchases as business expenses. They bought property in Parkland, built a home there, bought a home in Osceola County and spent $550,000 on a personal real estate investment, according to court documents.

As part of their plea deal, the couple agreed to pay $600,000 in restitution to the Internal Revenue Service. They face up to five years in prison and a fine of up to $250,000 when sentenced, prosecutors said.

Article source: http://www.sun-sentinel.com/news/broward/parkland/fl-parkland-construction-scheme-20140401,0,3125021.story?track=rss

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