Wednesday, October 01, 2008

Frank Amodeo & Mirabilis: Former Head of Mirabilis Surrenders To Federal Authorites

Former head of Mirabilis surrenders to federal authorities
Rene Stutzman Sentinel Staff Writer
5:48 PM EDT, September 2, 2008

Businessman Frank Amodeo surrendered to federal authorities today, and a judge ordered him released on $500,000 bond.Amodeo, former head of Mirabilis Ventures Inc., was indicted by a federal grand jury last month, accused of failing to pay $182 million in payroll taxes. If the allegations are true, he's one of the biggest payroll tax cheats in Internal Revenue Service history.Amodeo is to enter a plea Monday.This morning, he surrendered at the federal building in downtown Orlando. This afternoon, he made his first appearance in this case before U.S. Magistrate Gregory J. Kelly.

Assistant U.S. Attorney I Randall Gold and defense attorney Harrison "Butch" Slaughter Jr. both recommended that Amodeo be released on $500,000 bail. The magistrate agreed.Amodeo will be monitored by satellite, but in the next two or three days, until authorities can get him fitted, he's to live with his ailing 68-year-old father, who took out a $500,000 mortgage on his Orlando home to secure the bond.Once satellite monitoring begins, Amodeo is to live at his own Orlando home.The government alleges that several payroll service companies overseen by Mirabilis failed to forward tax withholdings to the IRS.

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