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| April 2008
Thomas Milo pleads guilty in Federal probe of Connecticut garbage companies Kevin J. O’Connor, United States Attorney for the District of Connecticut, announced that Thomas Milo, of Mamaroneck, New York, pleaded guilty to one count of conspiring to launder money. In pleading guilty, Milo admitted that he was a silent partner in numerous trash hauling entities operating in Connecticut and Eastern New York, including Automated Waste Disposal (AWD), Diversified Waste Disposal (DWD) and Superior Waste Disposal (SWD), and that to facilitate the operation of these enterprises and their many affiliated companies, he and others agreed to pay approximately $120,000 annually to Matthew Ianniello of New York. Ianniello has previously pleaded guilty to racketeering conspiracy and tax charges and currently is incarcerated. Milo further acknowledged that from approximately January 2004 to June 2005, approximately every three months, members of the conspiracy withdrew $30,000 from a DWD bank account and transferred the cash to a co-conspirator in Danbury. The courier would deliver the money to Ianniello in New York. According to documents filed with the Court and statements made in court, as a condition of his guilty plea, Milo and his spouse, who is not a defendant to this action but who does own a 40% minority share in AWD, DWD and SWD, agreed to forfeit the entirety of their interests to the United States, less outstanding shareholder loans to the company. In this regard, Milo has guaranteed that a forfeiture sale will net the United States at least $5,000,000. Sentencing has been set for May 9, 2008, with a possible maximum prison term of 10 years and a fine of up to $250,000. |
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