Former PYCT president/CEO sentenced to prison
Current CEO Lawson Pillay appointed Pino president of PYCT during 2007, after Pino resigned from the company and after Pillay took over for Cerda, the mystery CEO from Mexico.
from RB message board.....
By: rs4racing
23 Jul 2009, 02:34 PM EDT
Rating: Msg. 45103 of 45103
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Prison for Pino - Tax Cheat Pino (former CEO of PYCT) gets 12 months
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Arizona Businessman Gets 12 Months for Failure to File Income Taxes
An Arizona businessman has been sentenced to 12 months in federal prison for failure to file a federal income tax return.
Mario Alexander Pino, 38, a self-employed consultant in Scottsdale, was indicted by a federal grand jury in August 2008 and entered a guilty plea in March 2009 to the crime of willful failure to file his 2003 tax return. Pino was also ordered to serve one year of supervised release upon leaving prison.
Pino admitted that a reasonable estimate of his 2003 income was $602,933 and that his federal income tax liability on that income was approximately $192,244. In addition, Pino admitted as part of his guilty plea that he purposefully did not file his 2003 return by April 15, 2004, and that he knew that he had an obligation to do so. Despite not filing his return, Pino said that he used an unfiled 2003 return as supporting proof of his income in making applications for automobile and mortgage loans in 2004 and 2005.
