Former Waltham Accountant To Go To Prison For Tax Fraud

WALTHAM, MA — A former Waltham accountant was sentenced this week in Boston federal court to two years in prison and nearly $300,000 for multiple counts of tax fraud and obstructing the Internal Revenue Service.

Greg Takesian, 54, formerly of Waltham now living in Miami, Fla., was sentenced by U.S. District Court Judge William G. Young to two years in prison and one year of supervised release, and he was ordered to pay restitution in the amount of $286,433 and a $10,000 fine. In November 2017, following a five-day jury trial, Takesian was convicted of four counts of filing false tax returns and one count of attempting to obstruct and impede the IRS.

Takesian, a certified public accountant, worked for Takesian & Company, a tax consulting firm owned by his father in Waltham. Between 2008 and 2011, Takesian & Company received more than $2 million for tax and consulting services from At Home VNA, a home healthcare agency based in Waltham, Mass. In 2014, At Home VNA’s founder and owner, Michael Galatis, was convicted for fraudulently billing millions of dollars from Medicare.

Takesian spent more than $991,000, taken from Takesian & Company’s bank account, on personal expenses, including cash and check payments to his wife and his girlfriend. Yes, both.

In total, Takesian gave his wife more than $500,000 from the company bank account and his girlfriend over $200,000 of company funds. He also spent the money on Caribbean cruises, expensive clothing and nightclubs. Takesian did not report his personal spending from the Takesian & Company bank account on his personal tax returns. After learning of the federal investigation, Takesian also filed false corporate and personal amended returns in an effort to cover up the nearly $1 million of unreported income.

Previously on Patch:

More on that Waltham Nursing Agency.

Medicare Fraud in Waltham

Former Waltham Accountant Convicted Of Tax Fraud

CPA Who Worked for Waltham Tax Consulting Firm Charged

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