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The Journals are the premier publications for high-quality, hyperlocal news and advertising in Monmouth County, New Jersey

Jan 20, 2021

Two Middletown Men Plead Guilty to Evading Taxes on Bribes

Anthony Guzzone, a former construction executive with Bloomberg LP, has admitted to masterminding a bid-rigging scheme, through which he gained an estimated $1.45 million in bribes, according to prosecutors.

Guzzone, a Middletown resident and former director of Global Construction, failed to file more than $6 million of dirty money to the IRS. The $6 million was part of the money collected from subcontractors in an eight-year span.

Guzzone masterminded the scheme, but 13 others were involved. All of them were indicted by a federal grand jury.

Along with his faults with Bloomberg, Guzzone was also the creator and silent partner of Litespeed Electric with a Passaic County couple. This electric company received $250 million worth of contracts from Bloomberg, according to an indictment.

Prosecutors said that the irony of his scheming was that his role at Bloomberg was to protect the company’s finances from illegal activity.

Guzzone pled guilty on Sept. 29, 2020, to a single count of tax evasion for the tax years 2010 through 2017. He was sentenced to three and a half years in federal prison along with three years of supervised release. He was also ordered by U.S. District Court Judge Lewis Liman to pay $574,005 in restitution to the IRS.

Vito Nigro, also of Middletown and a manager of a construction contractor that performed projects for Bloomberg, also pled guilty to evading taxes on more than $1.8 million in bribes that he received in the same scheme. He is scheduled to be sentenced on March 8 before U.S. District Judge Analisa Torres.

The charges against Nigro carry a maximum sentence of five years in prison, a maximum fine of $250,000 or twice the gross gain or loss from the offense, and an order of restitution.