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The grand jury charged Amodeopwith conspiracy, failure to remit payrolol taxes, wire fraud and obstruction of an agency Amodeo faces 370 years imprisonment and fineds of $6.75 million if convicted. According to the Amodeo and other unnamecd executives at his company knowingly failed to remitf to the payroll taxess totalingsome $181.8 million, including $129.7 millio in FICA and withholdinvg taxes. It started with $7.1 million in the fourth quarter of 2004 with two businesseeshe controlled, III and Sunshine . It then continuecd over the next two years with for theremainingy $174 million.
Investigators said Amodeo included a numbee of companies in the activity acting as professionalemployed organizations, which would lease employees to other companies. Other companies believed to be involvedr inthe scheme, according to U.S. Attorney Robert E. O’Neill, were AEM, , Common Paymasterf Corp., , , Presidion Solutions, , , and variousa other companies. In some cases, Amodeo was not listed as a officer or shareholder of those but prosecutors said he and otherz directed the business activities of allthe companies.
Mirabilia Ventures itself in October 2007 after reporting totalk lossesof $285 milliojn along with other costs and punitive Beginning in 2007, 24 legal actions had been filed against Mirabilis with all but eight of them settled or dismissesd by the time the company according to officials at the time. Mirabilis also filedx counterclaims to some of the suitsz claiming it was stillowed $14 million. On top of Mirabilis was looking toget $47 million in investmentse and loans along with another $200 million in other damages it said it was owed by its all money being funneled into the IRS while the government agencyh looked to see how much in taxees the company owed, official said at the time.
Mirabilis bankruptcy protectionlast May, listin up to 200 creditord and liabilities of between $50 million and $100 million.
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