A Stamford man pleaded guilty on Thursday in Hartford federal court to two counts of willful failure to file an income tax return.
According to court documents and statements made in court, for more than 40 years, Wayne Margarum, Sr, 71, has owned and operated Margarum Refuse, providing garbage removal services for customers in the Stamford area and parts of Westchester County, NY.
The business services approximately 600 to 700 clients with fees ranging from $25 to $60 per month. Neither Margarum nor his business has filed tax returns for the tax years 2004 until the present.
In pleading guilty, Margarum has agreed to make $356,330 in restitution to the U.S. Treasury, and to cooperate with the IRS to pay all outstanding taxes, interest and penalties.
Margarum is scheduled to be sentenced by U.S. District Judge Vanessa L. Bryant on September 19, 2018, at which time he faces a maximum term of imprisonment of two years and a maximum fine of approximately $700,000
Margarum is released on bond pending sentencing.
The plea was announced on Thursday by John H. Durham, United States Attorney for the District of Connecticut, and Kristina O’Connell, Special Agent in Charge of IRS Criminal Investigation in New England.
This matter has been investigated by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney Christopher Schmeisser.