- July 28, 2022
A Florida businessman already in prison for tax and bank fraud pleaded guilty Oct. 2 to making false statements on a financial disclosure statement he provided to the U.S. Justice Department.
According to a news release, Casey Padula, 51, formerly of Port Charlotte, made the false statements on a financial statement he was required to submit to the government after pleading guilty to tax and bank fraud.
On July 17, 2017, in the prior prosecution, Padula was sentenced to 57 months in prison on one count of conspiracy to defraud the United States and commit bank fraud, the release states. Authorities say Padula admitted using offshore entities and accounts to commit tax fraud and also committed bank fraud by carrying out a fraudulent short-sale transaction designed to reduce or eliminate his $1.5 million mortgage through Bank of America.
Pursuant to his plea agreement, Padula was required to provide a full and accurate financial disclosure statement to the government. Instead Padula submitted a false statement in which he failed to disclose numerous assets, including a boat valued at almost $340,000, at least $80,000 in cash and a $90,000 Mercedes he had recently purchased for his daughter, officials contend in the statement.
Padula faces a statutory maximum sentence of five years in prison. He also faces a period of supervised release and monetary penalties.