Former Construction Executive Sentenced to Nearly Four Years in Prison for Tax Evasion and Bribery

Former Turner Construction executive, Ronald Olson, was sentenced in Manhattan federal court to 46 months in prison for evading taxes on more than $1.4 million in bribes, according to the Department of Justice. Olson was vice president and deputy operations manager for Turner Construction, a firm that performed building projects in New York City for Bloomberg LLP.

According to court documents, between 2011 to 2017, Olson, of Massapequa, N.Y., accepted more than $1.4 million in unlawful payments from subcontractors. These were paid through cash deliveries of approximately $1.45 million, construction services and materials for projects at his Long Island residence and his Long Beach Island, N.J., beach house and other services. Olson did not report these payments on his 2011 to 2017 tax returns.

According to the IRS, Olson pled guilty on July 29, 2020, to a single count of tax evasion for the tax years 2011 through 2017. In addition to the prison term, Olson was sentenced to three years of supervised release, and ordered to pay restitution of $661,519.57 in unpaid taxes and interest.

Olson is said to serve his sentence at Fort Dix Camp to facilitate family visitation and is said to surrender to serve his sentence before 2 p.m. on September 14.

He was just one of four construction industry members who were sentenced in part of the scheme. According to the IRS, “co-conspirator Anthony Guzzone, a former director of global construction at Bloomberg, was sentenced on January 19, 2021, by the Honorable Lewis J. Liman to 38 months in prison, for evading taxes on more than $1.45 million in the same scheme; Michael Campana, a subordinate construction manager at Bloomberg, was sentenced on July 24, 2020, by the Honorable Denise L. Cote to 24 months in prison, for evading taxes on more than $420,000. In addition, Vito Nigro, a construction manager at Turner, has pled guilty to evading taxes on more than $1.8 million in bribes that he received in the same scheme, and is scheduled to be sentenced on July 1, 2021, before U.S. District Judge Analisa Torres.”

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