- June 26, 2021
- Posted by: Stratford Team
- Category: Business
A Las Vegas, Nevada, businesswoman pleaded guilty today to filing a false tax return that failed to report nearly $1 million in income.
According to court documents and admissions made in court, Graciela Rueda Alvarez, aka “Graciela Masso,” owned and operated two Las Vegas businesses: All Hose Inc. (AHI) and All Hose South LLC (AHS), which are distributors of industrial, hydraulic, and pneumatic hoses, connectors and fluid transfer systems. From 2013 to 2016, Rueda Alvarez transferred more than $950,000 of the profits from AHI and AHS to bank accounts she controlled, but did not report these funds as income on her personal federal tax returns. In total, Rueda Alvarez caused a tax loss to the IRS of $210,807.
Rueda Alvarez faces the statutory maximum penalty of three years in prison, one year of supervised release, and a fine of $250,000. In addition to the prison term, Rueda Alvarez has agreed to pay $458,728.52 in restitution, including past-due…