An Attleboro bookkeeper has conceded to charges of tax evasion and stealing disability benefits, according to the U.S. Attorney's Office. David Tetreault, 54, is set to plead guilty to charges including one count of tax evasion, one count of theft of government money, and one count of wire fraud—though no plea hearing date has been provided as of yet.
Authorities state that Tetreault, who kept books for a Massachusetts electrical contractor between 2015 and 2021, concealed over $2.1 million in personal income from the IRS, contributing to a loss of more than $600,000 in taxes. It is alleged that, he not only received cash wages but also used company resources for his own expenses—shielding said payments as business costs, as mentioned by the U.S. Attorney's Office.
This concealment included falsely reported employment and income details to the Social Security Administration and the Employees’ Retirement System of Rhode Island. As a result, Tetreault reportedly defrauded these institutions of over $320,000 in Social Security Disability Insurance and disability pension benefits between 2016 and 2024. The consequences of Tetreault's actions could include a sentence of up to five years for tax evasion, up to ten years for theft of government money, and up to 20 years for wire fraud, with potential fines of up to $250,000 or double the loss or gain, whichever is greater.
The investigation was a joint effort involving multiple agencies, with Acting U.S. Attorney Joshua S. Levy, along with officials from the IRS and the Social Security Administration's Office of Inspector General, leading the announcements. Assistant U.S. Attorney David M. Holcomb from the Securities, Financial & Cyber Fraud Unit will head the prosecution. While Tetreault faces serious allegations, he remains innocent until proven guilty, a fundamental principle of the American justice system throughout the trial proceedings.