Carl Carro, Previously Arrested for Operating a Multi-Million Dollar Ponzi Scheme,
Now Charged with Tax Fraud for Evading More Than $75,000 in Taxes
NEW YORK – New York Attorney General Letitia James and New York State Department of Taxation and Finance Acting Commissioner Amanda Hiller announced the arrest and arraignment of Carl Carro (60) of Walton, NY, for failing to pay more than $75,000 in New York state taxes over the past six years. Carro — who was previously arrested for operating a multi-million dollar Ponzi scheme — is now charged with failing to file income taxes from 2017 through 2019 and for filing a false income tax return in 2020, following his arrest on the prior charges. Between 2012 and 2020, Carro allegedly defrauded dozens of investors out of millions of dollars through a scheme involving fake promises of prospect interviews and investment opportunities. Instead of investing funds, he allegedly diverted them for personal expenses, including paying credit card bills, pet expenses, and more. Carro was charged for his failure to report the millions of dollars that he fraudulently solicited from unsuspecting investors as income.
“When businesses and individuals defraud our tax system, it deprives communities of public funds for vital services and programs,” said Attorney General James. “Not only did Carl Carro allegedly cheat investors out of millions of dollars, he also deceived and stole from our state to conceal his crime. Fraud of…
