Medina Man Charged with Tax Evasion
A Supplemental Information was Filed Against Frank J. Lomanno Charging Him with Five Counts of Tax Evasion, Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, Announced Today.
| U.S. Attorney’s Office December 14, 2010 |
Lomanno, age 52, resides in Medina, Ohio, according to court records.
The supplemental information alleges that Lomanno misappropriated money from his employer, First Communications, Inc., Akron, Ohio, during the years 2004 through 2008 and he evaded his income taxes for those years. Specifically, the supplemental information alleges Lomanno did not file tax returns for those years and he attempted to evade his income tax obligations for those years by concealing his true and correct income through the use of nominee bank accounts, several schemes to misappropriate money from his employer, and making false entries on corporate books to disguise and conceal his theft of funds.
In total, the supplemental information alleges that Lomanno failed to report taxable income totaling $2,480,068 for the years 2004 through 2008, on which there was income taxes due and owing totaling $701,610.
Lomanno was previously charged on August 30, 2010, with mail fraud relating to the theft of nearly $1.5 million from First Communications. On September 14, 2010, Lomanno appeared before U.S. District Judge Dan Aaron Polster and pled guilty to that charge. Sentencing has been scheduled for February 11, 2011.
If convicted, the defendant's sentence will be determined by the court after review of factors unique to this case, including the defendants's prior criminal record, if any, the defendant's role in the offense and the characteristics of the violation. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.
This case is being prosecuted by Assistant U.S. Attorney John D. Sammon, following a joint investigation by the Cleveland Office of the Federal Bureau of Investigation and Akron Office of the Internal Revenue Service, Criminal Investigation Division.
An information is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government's burden to prove guilt beyond a reasonable doubt.