Tewksbury real estate developer pleads guilty to federal charges

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BOSTON – A Tewksbury real estate developer pleaded guilty yesterday in federal court in Boston to defrauding the government of more than $480,000 by engaging in a multi-year tax evasion scheme.

Arnold Martel, 61, pleaded guilty to one count of tax evasion. U.S. District Court Judge George A. O’Toole Jr. scheduled sentencing for Sept. 22, 2021. Martel was charged on April 9, 2021.

For tax years 2014 through 2017, Martel personally received more than $1.2 million in payments for upgrades to condominums his company sold. Martel deposited the payments into his personal accounts or cashed them, but did not report this income on this tax returns.

The charge of tax evasion provides for a sentence of up to five years in prison, up to three years of supervised release and a fine of $250,000 or twice the gross gain or loss, whichever is greater. Martel is also required to pay restitution to the IRS. Sentences are imposed by a federal district court judge…

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