WHITE PLAINS – A White Plains certified public accountant was sentenced in White Plains federal court to one year and 10 months in prison on tax fraud charges.
Joseph Cervone, 64, pled guilty on March 29 to one count of endeavoring to obstruct and impede the due administration of the internal revenue laws and one count of subscribing to false tax returns.
From 2009 through 2012, Cervone claimed more than $232 million of energy and coal credits on behalf of his clients in effort to obtain tax refunds. He also filed false tax returns for the years 2010 and 2011 that failed to report income related to personal expenses p-aid on behalf of Cervone from funds obtained via his clients’ false tax returns.
He was also sentenced to one year of supervised release and a $15,000 fine.
