Tuckahoe resident Philip Castracucco, 63, admitted in White Plains federal court that he filed false personal income tax returns, the US Attorney’s Office for the Southern District of New York announced on Friday, Feb. 27.
Prosecutors said Castracucco owned a masonry contracting business that performed construction work around Westchester County. Between 2017 and 2022, he cashed more than $3.5 million in company checks through a check-cashing business which converted them to cash instead of depositing them into the company’s bank account.
He then used the cash to pay himself and his employees, purchase materials, and cover other personal expenses, prosecutors said.
Additionally, from 2018 through 2023, Castracucco filed corporate tax returns that failed to report those business receipts and more than $1 million in salaries and wages paid out by the…
