Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram
Search the site

 

D+D News

Main News Page


Scaffolding Firm Exec Gets Jail Time

Wednesday, February 15, 2017

More items for Good Technical Practice

Comment | More

The owner of two New York-based scaffolding businesses that worked on city, state and private projects has agreed to spend 16 weekends behind bars and pay $2 million for underreporting millions of dollars in income.

According to a release by the Bronx District Attorney Darcel D. Clark, Prabhjit Singh, 36, the owner of Bronx-based Rock Scaffolding Corp. and M.S.S. Sidewalk, pleaded guilty in January to criminal tax fraud. He was sentenced Feb. 3.

scaffolding
© iStock.com / MarioGuti

For nearly a decade, the scaffolding companies avoided paying taxes by not filing returns or underreporting income. The image does not show installation by the companies mentioned.

Singh was indicted in December after a three-year investigation by the DA and the city's Department of Finance.

Hidden Income

Since 2008, the companies avoided paying taxes by either not filing returns or filing returns with understated income, prosecutors said.

The income was hidden by cashing checks via check-cashing outlets instead of depositing them into the firms’ bank accounts where the funds would be reported, officials added.

Singh’s “disregard of the law is a slap in the face of hardworking taxpayers,” according to Clark.

New York City Department of Finance Commissioner Jacques Jiha added: “This conviction is a result of our ongoing investigation into tax crimes that eventually impact the many New York businesses that are law abiding.”

The companies could not be reached for comment Tuesday (Feb. 14).

   

Tagged categories: Access; Business matters; Criminal acts; Ethics; Laws and litigation; Scaffolding; Taxes

Comment from Dick Piper, (2/15/2017, 7:33 AM)

Jail time is the only effective deterrent for white collar crime.


Comment from wd cameron, (2/15/2017, 1:11 PM)

The contract that we get something from the government and we also give something is being strained. Levels of taxation and regulation are continuing to increase. I wonder if the company had to cash their checks to pay their workers in cash.


Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
KTA-Tator, Inc. - Corporate Office
 
KTA Analyzes
Coating Failures
 
• Field Diagnosis
• Lab Diagnosis
• Determination of Cause
• Recommendations
www.kta.com
800-245-6379
 

 
Graco Inc.
 
Eco-Friendly Surface Prep
 
• Blast with 92% less dust
• Use less media
• Less containment & disposal costs
Graco® EcoQuip® Vapor Abrasive® Blast Equipment Learn more
 

 
HP Spartacote, a Division of LATICRETE International
 
Fully Integrated Polyaspartic Coating Systems
 
HP Spartacote manufactures a full line of patented high performance resinous flooring systems which offer rapid return to service, outstanding durability and chemical resistance.
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2017, Technology Publishing Co., All rights reserved