Old Saybrook Contractor Pleads Guilty To Tax Evasion: Feds

OLD SAYBROOK, CT — An Old Saybrook contractor has pleaded guilty to tax evasion, according to a statement from federal prosecutors. Dimitrios Kassimis, aka Jimmy, waived his right to be indicted and pleaded guilty to one count of tax evasion in U.S. District Court in Hartford.

Kassimis owns and operates various entities related to his construction business, including Allstate Contracting Group and JRC Renovations, according to prosecutors. Between 2018 and 2021, Kassimis received substantial income from his businesses but did not file any personal or business federal income tax returns. He also did not file any employment tax returns for his businesses, prosecutors said in a statement.

An investigation revealed that Kassimis did not have any personal bank accounts and paid all of his personal expenses through his business bank accounts. He also made cash withdrawals from the business accounts at casinos for personal expenses, according to prosecutors.

He also cashed checks made payable to his businesses at a check cashing business in New York and failed to report that income. In addition, he did not issue IRS Forms 1099 or W-2 to his employees and paid at least some employees in cash, according to prosecutors.

The tax loss to the IRS for the 2018 through 2021 tax years was $233,086.87.

Kassimis faces a maximum term of five years in prison.