NY AG Announces Plea By Former Retail Supplier CEO To Tax Fraud Charge

New York Attorney General Eric T. Schneiderman and Acting Commissioner of Taxation and Finance Nonie Manion announced, as described in a news release, "the plea and conviction of Gary Mole, 52, an Australian citizen and the former CEO of Glacial Energy Holdings ('GEH'), stemming from the underreporting of over $18.5 million dollars in taxable income by Glacial Energy of New York ('GENY'), a wholly owned subsidiary of GEH."

"Mole pleaded guilty to Criminal Tax Fraud in the Second Degree, a class C felony. Co-defendant GENY was previously convicted of the same crime after pleading guilty on December 3, 2015," the Attorney General's office said in a news release

Prosecutors alleged, as stated in a news release from the Attorney General's office, "Mole and GENY evaded a total of over $670,000 in New York State income taxes."

As stated in a news release from the Attorney General's office, "Mole entered a plea of guilty to the crime of Criminal Tax Fraud in the Second Degree, a class C felony, in satisfaction of the pending indictment. As a condition of his plea, he repaid $335,000 in restitution to the State of New York."

See the Attorney General's news release for more details on the allegations