A Connecticut certified public accountant has pleaded guilty to tax evasion, according to an announcement from David X. Sullivan, United States Attorney for the District of Connecticut, and Thomas Demeo, Acting Special Agent in Charge of IRS Criminal Investigation in New England.
Edward J. Sodlosky, 71, of Middlebury, entered his plea in New Haven federal court after waiving his right to be indicted. Court documents show that Sodlosky owned and operated Edward J. Sodlosky, Certified Public Accountant (EJS-CPA) in Naugatuck. From 2016 through 2022, he prepared and filed joint income tax returns for himself and his spouse as well as partnership returns for an entity called FinGLTD, which he co-owned with his spouse.
During this period, authorities say Sodlosky willfully cashed more than 2,000 client payment checks to conceal income generated by EJS-CPA. This resulted in significant business receipts being diverted from EJS-CPA’s bank accounts and not reported on their joint or partnership tax returns.
Sodlosky deposited funds from these cashed checks into a network of business, personal, and nominee accounts. He controlled a total of 15 different bank accounts used to deposit business receipts and evade taxes. Through this scheme, prosecutors state that he failed to report $1,379,694.21 in additional income to the IRS. The resulting tax loss is estimated at $422,720.
Sodlosky is scheduled for sentencing before U.S. District Judge Sarala V. Nagala in Hartford on April 15, 2026. He faces up to five years in prison and must make full restitution to the IRS.
He is currently released on a $50,000 bond pending sentencing.
The Internal Revenue Service – Criminal Investigation conducted the investigation. Assistant U.S. Attorney Hal Chen is prosecuting the case.
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