Leah B. Foley United States Attorney for the District of Massachusetts | Department of Justice
A former general contractor in Massachusetts has been sentenced for tax evasion after concealing millions of dollars in business income from the Internal Revenue Service (IRS). John Michael Sacco, 54, formerly of Quincy and owner of JMS Contracting, received his sentence in federal court in Boston.
U.S. Senior District Court Judge Patti B. Saris sentenced Sacco to six months of home confinement and three years of supervised release. He was also ordered to pay $3,059,887 in restitution to the IRS.
According to prosecutors, Sacco managed construction projects under JMS Contracting from 2014 through 2021 and received over $9 million from customers during that period. Instead of depositing these funds into business bank accounts, he cashed most customer checks and used the proceeds to buy supplies and pay subcontractors in cash. He also kept some cash for personal expenses.
Sacco did not issue required tax forms to subcontractors or file necessary forms with the IRS regarding payments made by JMS Contracting. By failing to report actual receipts on tax returns for certain years and not filing any returns for other years, he significantly underreported his personal income taxes, resulting in a loss of more than $3 million to the IRS.
"United States Attorney Leah B. Foley and Thomas Demeo, Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office made the announcement. Assistant U.S. Attorney David M. Holcomb of the Criminal Division prosecuted the case."
