BOSTON — The former town administrator of Nahant and Saugus was sentenced Tuesday in U.S. District Court in connection with failing to report more than $375,000 of his income on his federal tax returns from 2010 to 2013, according to a news release.
Andrew R. Bisignani, 70, was sentenced by U.S. District Court Judge Leo T. Sorokin to one year of probation, the first four months to be served in Coolidge House and the following six months on home confinement.
In December 2016, Bisignani pleaded guilty to four counts of filing false tax returns.
Bisignani admitted that from 2010 to 2013, he collected rental income from three properties in Revere, the release said. During the same years, Bisignani collected interest and loan income by making multiple, private, short-term loans that were secured by Massachusetts real estate.
Bisignani underreported his total rental real estate income when submitting his individual tax returns to the IRS in 2010, 2011, 2012 and 2013. He also underreported the interest income he received in connection with his private loans for 2010, 2011 and 2012, the release said.
Assistant U.S. Attorney Kristina E. Barclay of Weinreb’s Public Corruption Unit is prosecuting the case.