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6 Long Island Business Owners Accused Of Tax Fraud: DA


UpdatedWed, May 5, 2021 at 9:24 am ET
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This is money that would have made a difference in the lives of area residents by funding public programs and services, New York State Commissioner of Taxation and Finance Michael Schmidt said.​ Instead, they used it for their own personal gain. (Shutterstock)
LONG ISLAND, NY Six Long Island business owners were charged with tax fraud and accused of failing to pay the state more than $330,000, according to Suffolk County District Attorney Timothy Sini.
Sini said Tuesday the following business owners were accused of filing false tax returns:
Vincent Corelli, 46, of Mastic Beach, owner of Corelli Drywall in Shirley, was charged with three counts of fourth-degree criminal tax fraud and three counts of first-degree offering a false instrument for filing. He allegedly filed false tax returns for tax years 2015 through 2017 to evade payment of $44,286 in taxes. ....

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Dime Community Bancshares, Inc. Reports First Quarter 2021 Results


Dime Community Bancshares, Inc. Reports First Quarter 2021 Results
First Quarter Results Highlighted by Robust Deposit Growth and PPP Originations
Announces Plans to Resume Share Repurchase Program
HAUPPAUGE, N.Y., April 30, 2021 (GLOBE NEWSWIRE) Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime” or “its”), the parent company of Dime Community Bank (the “Bank”), today reported a net loss to common stockholders of $22.9 million for the quarter ended March 31, 2021, or $0.66 per diluted common share, compared with net income to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share, and net income to common stockholders of $8.4 million for the quarter ended March 31, 2020, or $0.37 per diluted common share. ....

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