Guilford Resident Pleads Guilty to Federal Tax Charges

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David B. Fein, United States Attorneyfor the District of Connecticut, announced that ANNUNZIATA GERMANA, also knownas Annunziata Acquarlo, 31, of Guilford, pleaded guilty today before UnitedStates District Judge Janet Bond Arterton in New Haven to two counts ofwillfully failing to file a tax return.
According to court documents andstatements made in court, GERMANA worked at Shoreline Finance and MarketingCorporation, which was a mortgage brokerage company owned and operated byDomenic Acquarulo, Jr. In 2007 and 2008, GERMANA used corporate credit cardsand corporate checks to pay for many of her personal expenses, including rentfor her apartment, car lease payments, jewelry, and clothing. She thenclassified these payments and purchases as business expenses in the bookkeepingrecords of the business.
GERMANA knew that payment of herpersonal expenses with Shoreline Finance funds was income to her. By virtue ofthis and other income she received in 2007 and 2008, GERMANA was required tofile U.S. Individual Income Tax Returns, but failed to do so. In 2007 and 2008,GERMANA received approximately $30,835 and $34,382 in gross income,respectively.
Judge Arterton has scheduled sentencingfor August 31, 2012, at which time GERMANA faces a maximum term of imprisonmentof two years and a fine of up to $200,000. GERMANA also owes back taxes andinterest in the total amount of $13,397.70.
On March 13, 2012, Domenic Acquarulo,Jr. pleaded guilty to one count of operating an illegal gambling business, onecount of filing a false tax return, and one count of willfully failing totimely file a tax return. He awaits sentencing.
This case was investigated by theFederal Bureau of Investigation and the Internal Revenue Service-CriminalInvestigation Division. The case is being prosecuted by Assistant United StatesAttorney Anastasia Enos King.