A New York man has admitted guilt to charges of employment tax crimes. Victor Aguayo, based in Nassau County, was the owner and president of Mabel Interior Design Inc., an interior painting business located in Westbury, New York.
Court documents reveal that Aguayo failed to withhold Social Security, Medicare, and federal income taxes from his employees' wages. He was also responsible for reporting these wages and withholdings to the IRS on a quarterly basis and ensuring payment of these withheld taxes.
Instead of complying with these obligations, Aguayo paid approximately $3.6 million in cash wages to his employees without withholding or paying the required taxes. Additionally, he filed false quarterly tax returns that did not account for these cash payments. This resulted in a tax loss to the IRS amounting to $545,743.
Victor Aguayo is set to be sentenced on April 21, 2025. He faces a maximum sentence of five years in prison along with potential supervised release, restitution, and monetary penalties. The final sentence will be determined by a federal district court judge after reviewing the U.S. Sentencing Guidelines and other statutory factors.
The announcement was made by Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division.
The case is under investigation by IRS Criminal Investigation.
Assistant Chief Sarah Ranney and Trial Attorney Joseph D.G. Castro from the Tax Division are handling prosecution duties for this case.