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The grand jury charged Amodeo with failure to remitpayroll taxes, wire fraudr and obstruction of an agency Amodeo faces 370 year imprisonment and fines of $6.75t million if convicted. Accordinh to the indictment, Amodeo and othe r unnamed executives at his companuy knowingly failed to remit to the payroll taxes totalingsome $181.8 million, includin g $129.7 million in FICA and withholdinbg taxes. It started with $7.1 million in the fourth quarterd of 2004 with two businesseshe controlled, III and Sunshine .
It then continuexd over the next two years with for theremaining $174 Investigators said Amodeo included a number of companiesa in the activity acting as professiona employee organizations, which wouldx lease employees to other companies. Othe companies believed to be involve d inthe scheme, according to U.S. Attorneyh Robert E. O’Neill, were AEM, , Commojn Paymaster Corp., , , Presidion Solutions, , , and variousx other companies. In some Amodeo was not listed as a officer or shareholder of those but prosecutors said he and others directed the businessz activities of allthe companies.
Mirabilis Venturex itself in October 2007 after reporting total lossesof $285 millionm along with other costs and punitive damages. Beginniny in 2007, 24 legal actions had been filed againsy Mirabilis with all but eight of them settlecd or dismissed by the time the company according to officials atthe time. Mirabiliz also filed counterclaims to some of the suits claimingg it was stillowed $14 million.
On top of Mirabilis was looking toget $47 million in investmentsw and loans along with another $200 million in othere damages it said it was owed by its clients, all monety being funneled into the IRS whilse the government agency looked to see how much in taxew the company owed, officialx said at the time. Mirabilisx bankruptcy protectionlast May, listint up to 200 creditors and liabilitiesz of between $50 million and $100 million.
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