BERLIN, Md. — A Berlin man has been convicted on multiple federal charges after failing to properly handle payroll taxes while serving as CEO of two telecommunications companies. Federal prosecutors say the man, withheld income, Social Security and Medicare taxes from employee wages between 2016 and 2018, but never submitted those funds to the government. He also did not file the required tax returns during that period, according to court records.
Authorities allege he used the withheld funds for personal income and expenses instead of fulfilling his companies’ tax obligations. The unpaid taxes caused a financial loss of more than $1 million to the federal government. On April 14, he was found guilty on 16 counts related to failing to collect and remit payroll taxes. Each count carries a potential prison sentence of up to five years. His sentencing date has not yet been announced.
