United States Attorney Joshua S. Levy | U.S. Department of Justice
A Nahant woman and a Winthrop man were sentenced in Boston's federal court for their roles in a conspiracy to commit wire fraud and tax evasion. Gary P. DeCicco, 65, received a 15-month prison sentence, which he has already served, followed by three years of supervised release. Pamela M. Avedisian, 61, was sentenced to one year of supervised release with four months in home confinement. Both were ordered to pay $425,754 in restitution and forfeit $650,000.
In June 2024, both defendants pleaded guilty to conspiracy charges related to wire fraud and defrauding the United States. Their indictment came from a federal grand jury in January 2018.
The charges stemmed from DeCicco's false claims to the IRS between April 2012 and February 2013 about his financial status. He misrepresented his ability to pay over $340,000 in taxes while holding assets under various names to hide them from the IRS. From March 2013 onwards, instead of adhering to an agreed payment plan with the IRS based on misleading information about his finances, DeCicco engaged in transactions involving real properties, boats, and luxury cars without disclosing these assets or income.
Additionally, Avedisian was involved in a fraudulent "short sale" scheme concerning her property in Nahant that had a mortgage exceeding $1 million. In October 2015, she and DeCicco conspired to sell this property for less than its mortgage value while concealing their relationship from the mortgage holder and falsely claiming financial distress.
U.S. Attorney Joshua S. Levy; Jodi Cohen of the FBI's Boston Division; and Jonathan Wlodyka from the IRS Criminal Investigation's Boston Field Office announced the sentences. Assistant U.S. Attorneys Kristina E. Barclay and Neil J. Gallagher Jr., who are part of the Public Corruption & Special Prosecutions Unit, prosecuted this case.
