Seatrade manager, Basic Fisheries owner charged with tax evasion

Published on
July 28, 2017

A Massachusetts seafood executive was charged with tax evasion in federal court in Boston this week.

Orlando Cardoso, 44, a production manager for the scallop division Seatrade International in New Bedford, Massachusetts, failed to report USD 75,000 (EUR 64,276) in earnings on his tax returns, according to the U.S. Attorney’s Office for the District of Massachusetts.

While Cardoso’s 2012 and 2013 tax returns only reported income from his employer, he received more than USD 75,000 in cash and checks from a supplier to Seatrade, and failed to report the income on his tax returns, according to the U.S. Attorney’s Office.

The penalty for filing a false income tax return is a prison sentence of no greater than three years, one year of supervised release and a fine of USD 100,000 (EUR 85,251).

Earlier this month, another former New Bedford seafood wholesaler, George Estudante – the owner of Basic Fisheries – was charged with failing to file tax returns and filing a false return, according to the Sippican Week.

Estudante failed to report more than USD 200,000 (EUR 170,503), according to the newpaper.

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