Date: Aug. 28, 2024 Contact: newsroom@ci.irs.gov Used the proceeds to purchase property, a luxury vehicle and pay his personal expenses Harrisburg, PA — The United States Attorney’s Office for the Middle District of Pennsylvania announced that Vincent Minervini, of Reedsville, Pennsylvania, pleaded guilty Aug. 27 to filing a false tax return in 2018. According to United States Attorney Gerard M. Karam, from 2014 through 2018, Minervini operated various companies that he either owned on his own or controlled through a partnership. These businesses included VM Holdings, LLC; Supreme Star Property Management, LLC; Boomer Builders LLC; Debt Free Partnerships, LP; Boomer Ranches DS, LLC; and VMJH Holdings, LLC. Minervini filed personal and business tax returns in each of these years. Minervini made it appear that his businesses were incurring expenses, which were deducted from his businesses’ taxable income, by moving money from one of his companies to another and labeling such payments “Management Services,” “Management Fees,” “Operating Expenses,” “Operating Budget,” and “Transfers.” For example, in 2016, VMJH Holdings and Boomer Ranches made $134,500 worth of transfers to Boomer Builders that were labeled “Operating Budget” and “Operating Expenses,” but Boomer Builders did not declare any of these transfers as gross receipts on its own tax return. Minervini’s actions therefore reduced the amount of income that was subject to taxation by the IRS. In addition, Minervini made payments from his companies to himself without reporting such transfers as income in his personal tax returns. For instance, in 2017, VM Holdings transferred approximately $809,648.22 to Minervini’s personal bank account, and Minervini deducted this amount as an expense on VM Holdings’ tax return, but he did not declare it as income on any other return, personal or business. As a result of these actions, Minervini underreported approximately $2,102,512 in income. Minervini submitted his tax returns to the IRS under penalty of perjury. As part of his guilty plea, Minervini admitted that the tax returns for 2014 to 2018 contained knowingly false information. Minervini also admitted and accepted responsibility for $266,618 in unpaid taxes, which was the full amount of unpaid taxes for 2014 to 2018. He also agreed to pay restitution to the IRS in that amount prior to the date of sentencing. The IRS will also assess penalties and interest on Minervini’s back taxes following the completion of the criminal case. The case was investigated by IRS Criminal Investigations (CI). Assistant U.S. Attorney Ravi Romel Sharma is prosecuting the case. The maximum penalty under federal law for filing a false tax return is three years of imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines. CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a more than a 90 percent federal conviction rate. The agency has 20 field offices located across the U.S. and 12 attaché posts abroad.
