September 26, 2021

Burn of the Day: NJ Embezzler Pleads Guilty To Not Paying Taxes on Money She Stole

Ouch!

According to the DoJ, a former employee of Atlantic County Concrete and Material Co. admitted yesterday evading federal income taxes on nearly $700,000 she received in 2008.

Nancy Armienti, 59, of Elmer, N.J., pleaded guilty in U.S. District Court to one count of tax evasion.

According to documents filed in this case and statements made in court:

During 2008, Armienti took $589,947 from her employer through cash withdrawals and payments to QVC for items she ordered. Armienti created false business expense records to conceal her receipt of these funds and instructed the company’s bookkeeper to record the cash withdrawals and QVC payments as business expenses. Armienti failed to file a 2008 federal income tax return and failed to pay the IRS the income tax due on the $682,129 in total income she received in 2008.

The tax evasion charge to which Armienti pleaded guilty carries a maximum potential penalty of five years in prison and a $250,000 fine, or twice the gain or loss caused by the offense. Sentencing is currently scheduled for April 23, 2013.

It is unclear at this time if she will be allowed to pay the fine in five easy installments on Easy Pay.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Accountants Behaving Badly: Old Guy Decided Stealing a Sh*t-Ton of Money Would Be the Best Way of Getting Back At His Bosses For Downsizing

Eighty-year-old Charles Esposito of Hainesport, NJ, who worked as an accounting manager for Oldcastle BuildingEnvelope for 45 years, was sentenced to five years in state prison on June 9 after admitting to stealing $2.5 million from his former employer, according to the Philadelphia Inquirer. Assistant Prosecutor Joseph Remy said during the sentencing hearing that ol’ […]

Accountants Behaving Badly: Fraud Isn’t All It’s Cracked Up to Be

I never thought I’d ever write the words “egg accountant busted in embezzlement scheme” but here we are. The egg accountant, Jonathan Weston, was indicted by a federal grand jury in Pittsburgh June 3 on charges of fraud conspiracy, money laundering conspiracy, and tax fraud. According to the U.S. Attorney Office for the Western District of […]