United States v. Matthew J. Siano

We affirm in open court the decision of the United States District Court for the Southern District of New York which held appellant liable for $107,963.92 in income taxes for the years 1953-1956 inclusive.

In 1957, Siano pleaded guilty to having embezzled over $160,000 during the years 1949 through 1956. He was sentenced to a term of seven and one-half to fifteen years in prison. Siano never reported the money received from his embezzlement as income and on August 25, 1961 the Commissioner of Internal Revenue made assessments against Siano for income taxes due, which assessments form the basis…