Nicolo Rizzuto Pleads Guilty

Nicolo Rizzuto Pleads Guilty

  February 11, 2010    Dapper_Don

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Nicolo Rizzuto, father of the U.S.-jailed reputed Montreal mob boss Vito Rizzuto and grandfather of the recently gunned down Nick Rizzuto Jr., pleaded guilty this morning to tax evasion as reported by CTV:
The 85-year-old has agreed to pay a $209,000 fine. * * * The Canada Revenue Agency says Rizzuto admitted to hiding income, and had to pay back the entire amount, plus the fine. "The Canada Revenue Agency investigation revealed that, for the 1994 and 1995 tax years, Mr. Rizzuto voluntarily contravened the Income Tax Act by not reporting foreign interest income totalling $627,906," the agency said in a statement. Revenue Canada had charged Rizzuto after $5.2 million was hidden in Swiss bank accounts.