- Associated Press - Monday, November 23, 2015

BUFFALO, N.Y. (AP) - A western New York businessman is accused of trying to cheat the IRS using shell companies and multiple bank and trust accounts.

Real estate developer Frank Parlato Jr. is scheduled to be arraigned in federal court in Buffalo Monday on charges including money laundering and wire fraud conspiracy.

He couldn’t be reached Friday for comment.

Federal prosecutors say Parlato, along with Chitra Selvaraj, are charged in a 19-count grand jury indictment. They say the pair orchestrated a scheme to defraud the IRS and others that involved more than 15 shell companies, 50 bank accounts and multiple attorney trust accounts.

A phone listing for Selvaraj was unavailable.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide