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BUT THE CPAs SAID IT WAS IMMATERIAL ON THE FINANCIAL STATEMENTS...

November 21, 2005

Sometimes close is good enough. Sometimes, though, it's not close:

A Rockland County man pleaded guilty in White Plains federal court yesterday to four counts of income tax evasion.

According to the indictment, from 1997 to 2000, Pasquale Diaferia, who was the owner and operator of P&D Automotive Specialties, Inc., that arranged special financing for low-income and credit-impaired customers who sought to purchase automobiles, falsely claimed he earned $8,142 when his income when he actually earned $402,000.

Diaferia, of New City, faces up to 20 years in federal prison for his tax evasion scheme when sentenced next February.

Oh, THAT $394,000! My bad!

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