Businessman Steals $570,000 In Payroll Taxes From His Employees and Gets Caught for the Third Time

The owner of two Rhode Island businesses, that supply steel and iron to construction sites pleaded guilty to intentionally failing to turn over to the IRS federal employment taxes and FICA payments withheld from his employees totaling more than $570,000.

Steven Allard’s companies, BR Steel Corporation and Greystone Iron, have more than 100 employees combined, and specialize in major construction projects such as shopping malls and school buildings. Allard used $216,000 to pay for “credits” to a dating website, RussianBrides.com, and $93,000 in rent payments for a luxury home.

This is the third time Allard has been convicted of a crime. In 2009 he was sentenced to 30 months in prison for tax evasion and bankruptcy fraud after spending 1.6 million dollars that was owed to the IRS in employment taxes. He was also charged with making false statements about real estate holdings in a bankruptcy. Before that conviction Allard was sentenced to 10 months in prison for accepting kickbacks from public employees.