Andrew R. Bisignani
By THOMAS GRILLO
BOSTON — Nahant’s former town administrator was charged in U.S. District Court on Monday with failing to report a large portion of income on his federal tax returns.
ALSO: Read the indictment here
Prosecutors allege that from 2010 through 2013, Andrew R. Bisignani, 70, collected rents from three Revere properties, earned interest income by making short-term loans and underreported the income when submitting tax returns to the Internal Revenue Service.
Prosecutors did not disclose how much money went unreported to the IRS.
ALSO: Police log: 11-22-2016
If convicted, Bisignani could serve up to three years in prison, one year of probation and a $100,000 fine.
The federal indictment by U.S. Attorney Carmen Ortiz is not the only charge Bisignani faces.
Essex County District Attorney Jonathan Blodgett’s office is prosecuting Bisignani, alleging he improperly funneled public contracts to favored contractors while serving as Nahant town administrator between Feb. 1, 2012 and June 30, 2014 and as Saugus town manager from Jan. 1, 2009 through Feb. 1, 2012. A trial date has been scheduled for Feb. 21 of next year.
Bisignani could not be reached for comment. He has denied the charges in the Essex County case.
Thomas Grillo can be reached at [email protected]