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Mattapan plumbing supplier admits to cheating on taxes, siphoning company funds so he could buy millions of dollars worth of gold bars

The co-owner of Economy Plumbing and Heating Supply on Morton Street in Mattapan was charged yesterday with filing false federal tax returns for several years so he could buy $10 million worth of gold - and silver - bars, the US Attorney's office in Boston announced.

In a plea agreement filed with the four counts of filing false tax returns in US District Court, Claudio Poles, 78, of Dorchester, admitted his guilt.

The US Attorney's office said it would recommend a sentence of one year in federal prison, restitution of $2.96 million to the IRS and a fine, at a plea hearing before a judge on May 9. The judge can disregard the recommendation.

According to prosecutors, Poles began filing bogus personal returns in 2019 - and diverting money from Economy's accounts.

For 2021, according to an "information" filed by prosecutors, Pole left off $2.8 million in revenue off Economy's tax return. Between 2019 and 2022, the government charges, he reported losses on his 1040 forms when, in fact, he was making enough of a profit to buy even more gold and silver.

At the same time, he would use money from Economy's accounts to buy precious metals - writing in the memo lines of the checks that they were for "boilers," "materials" and "p&h supp," according to the charging document.

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PDF icon Complete "information"339.12 KB
PDF icon Plea agreement566.62 KB


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Gold Bar Bob approves of this investment (ie theft)

Voting closed 48

What an ingot.

Voting closed 30

Doesn't say, "Seized by Federal Authorities?:

Voting closed 20

Funny how the co-owner of the company with the biggest United States flag ever seen in that area cheats the United States government out of their/our fair share.

I'd call him a "Faketriot".

Voting closed 49

He flies the flag: He knows it represents a nation that will let him get his way...until it doesn't.

Voting closed 18

There weren't any deals to be found but it was one of the few plumbing supply houses in the area. They even expanded a number of years ago.....too bad money is the root of most evil:(

I was going to buy some overpriced water filters there this week too !

Voting closed 62