CPA Who Worked for Waltham Tax Consulting Firm Charged With Tax Fraud

A Florida man who worked for his father’s Waltham tax consulting business was charged on Tuesday in U.S. District Court in Boston and arrested in Miami in connection with failing to report more than $800,000 in income to the Internal Revenue Service (IRS).

Greg Takesian, 52, of Miami, FL, was indicted on Oct. 7, 2015, on four counts of filing false tax returns and arrested today in Miami. According to an announcement from the U.S. District Attorney’s office, Takesian was ordered to report to Boston to face these charges during an initial appearance in U.S. District Court in Miami this afternoon.

From 2008 to 2011, according to the indictment, Takesian didn’t report more than $800,000 of income and owes more than $200,000 in income taxes to the IRS. Takesian, a certified public accountant (CPA), worked for Takesian & Company, a tax consulting firm owned by his father.

Although Takesian ran the day-to-day business of Takesian & Company, he did not have an ownership stake. Between 2008 and 2011, Takesian & Company received more than $1 million for tax and consulting services from At Home VNA, a home health company located in Waltham.

Takesian was authorized to write checks, and took out several Takesian & Company credit cards in his name.

During that time period, Takesian used several hundred thousand dollars of Takesian & Company funds for his personal use, without reporting this income on his tax disclosures, according to the U.S. district attorney.

Takesian also reportedly gave his wife more than $500,000 and another woman $200,000 of Takesian & Company funds through checks and cash deposits. Takesian allowed his wife and others to use Takesian & Company credit cards to make more than $50,000 of purchases for non-business expenses, such as cruises, jewelry, intimate women’s apparel, makeup, iTunes, and Home Shopping Network purchases.

Also, according to the report, Takesian used Takesian & Company funds to pay the rent on his personal residence, but did not report any of this income on his tax returns.

Takesian also allegedly failed to file tax returns for Takesian & Company between 2008 and 2011. While his father reported some Takesian & Company earnings on his personal tax returns, the figures he reported were based on information provided by Takesian, which represented a fraction of Takesian & Company’s actual income, said the release.

Takesian could face up to three years in prison, and a fine of $100,000 on each count.