Community Corner
Financial Planner Faces Tax Fraud Charges
Wilmington resident allegedly filed false tax returns.
A Wilmington man appeared in federal court recently on charges of tax fraud for filing false returns in commission payments.
According to a press release by the Department of Justice and United States Attorney Carmen M. Ortiz of the District of Massachusetts, Gregg D. Caplitz was indicted by a grand jury on five counts of filing a false tax return.
Caplitz, 52, appeared in front of a judge on January 23 on the charges that from 2003 through 2007 he received $2.7 million in commission payments from his work selling insurance polices and investment products to clients, the release said.
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As alleged in the charges, Caplitz only reported $189,000 for those tax years when he filed his individual returns.
The case is being presecuted by Assistant United States Attorney Sandra S. Bower of the Economic Crimes Unit.
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If convicted on all five charges, Caplitz faces a maximum of three years in prison to be followed by one year of supervised release and a fine of up to $2.4 million.
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