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Agostino Incorvaia, of Danbury was sentenced by U.S. District Judge Victor A. Bolden in Bridgeport to three years of probation, the first six months of which must be served in home confinement, said U.S. Attorney for Connecticut Deirdre M. Daly.
Incorvaia also was ordered to pay a fine of $5,000 and more than $800,000 in back taxes, interest and penalties.
According to court documents and statements made in court, from 2007 to 2012, Incorvaia failed to report to the Internal Revenue Service $2.65 million in gross receipts generated by Augie’s #1, a restaurant he operates on Germantown Road in Danbury.
During the investigation, Incorvaia admitted to an undercover IRS agent that, for five years, he had understated the restaurant’s gross receipts on his income tax returns and provided false numbers to his accountant, that he employed a large group of off-the-books workers, and that a portion of the unreported receipts supported his business interests and properties, including those in the Dominican Republic.
His admissions, which were recorded, were corroborated by the restaurant’s point-of-sale system that was seized pursuant to a search warrant.
In 2012, Incorvaia advertised his restaurant for sale with an asking price of $1.25 million.
On April 14, he pleaded guilty to tax evasion and admitted that he evaded payment of income taxes when filing his joint income tax returns for the 2007 through 2011 tax years.
As part of his sentence, Incorvaia is required to pay $396,650 in back taxes, as well $427,000 in interest and penalties.
Under the plea deal, Incorvaia could have faced a maximum of five years in federal prison and a fine of up to $100,000.
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