RIDGEFIELD, Conn. -- A Ridgefield man was sentenced to one year in prison and three years of supervised release after failing to pay $200,000 in federal taxes over a five-year period, according to U.S. Attorney Deirdre M. Daly.
Louis Vucci, 45, was sentenced on Wednesday, June 17, by U.S. District Judge Vanessa L. Bryant in Hartford.
Vucci failed to report more than $678,000 of income while he was the CEO of Diamond Ranch Foods, the statement from Daly said.
Vucci underreported his income by $112,310 in 2005, $109,473 in 2006, $174,300 in 2007, $187,704 in 2008, and $95,126 in 2009.
The unreported income consisted of weekly pay checks from Diamond Ranch Foods in the amount of $2,500 that were made payable to Vucci's spouse, who was not an employee of Diamond Ranch Foods.
In addition, cash deposits totaling $16,100 in 2008 and $25,020 in 2009 were made into Vucci's personal bank accounts.
But his federal individual income tax returns reported income of $19,590 in 2005, $12,500 in 2006, $12,000 in 2007, $30,000 in 2008, and $125,202 in 2009.
The low income reported from 2005 to 2008 qualified Vucci for the earned income credit, yielding refunds rather than taxes owed.
From mid-2005 to mid-2007, Vucci and his spouse rented a home in Greenwich for $8,500 per month, had car expenses in excess of $1,000 per month, and paid a housekeeper for 20 hours per week.
In 2007, Vucci purchased a house in Ridgefield for $975,000 and continued to make the car payments.
In addition to the prison sentence, Vucci has been ordered to pay back taxes in the amount of $196,425, as well as substantial interest and penalties, Daly said.
Vucci pleaded guilty Oct. 3, 2013, to one count of tax evasion. He was ordered to report to prison on Sept. 9.