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Friday, 02 May 2014 00:00

New York Body Shop Owners Face Tax Fraud Charges

The current and former owners of a body shop in New Hyde Park, NY, were charged with under-reporting gross salaries to avoid taxes, according to Dan O’Regan reporting in

Nassau County district attorney Kathleen Rice said Gerard Losquadro of Garden City, NY, the former owner of New Hyde Park Auto Body Works, and current owner Charles DiMarino of East Norwich, NY, were arrested and arraigned on charges that they failed to remit sales tax collected from customers to the New York State Department of Taxation and Finance.

The alleged frauds took place between September 1, 2009, and May 31, 2013, and resulted in the body shop owners pocketing roughly $150,000 that should have gone to the state, according to Rice. The two men were “significantly under-reporting gross sales,” Rice said in a statement.

Losquadro, the former owner, was the responsible party for New Hyde Park Auto Body Works from September 2009 to December 2010, Rice said. During that time, he allegedly failed to remit $27,588.39 of collected sales tax.

DiMarino, the current owner, allegedly failed to remit $122,348.26 in collected sales tax since January 2011.

Both defendants face multiple counts of grand larceny, offering a false instrument for filing, and criminal tax fraud. After arraignment, they were released on their own recognizance and are due back in court later this month, according to Rice’s office.

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