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Wednesday, November 22, 2006

Contractor sentenced for fraud


A 44-year-old defense contractor with ties to Boston's western suburbs has been sentenced to six months in prison for tax evasion, the Advocate of New Haven, Conn. reports.

James E. Stranberg Jr. owns Ace & Co. Inc., a defense contractor that manufactures fiber optic connectors for Army communications and Patriot missile launchers.

He was also fined $30,000 and sentenced to three years probation. The company has agreed to pay $230,000 in restitution to the government and about $900,000 to the Internal Revenue Service.

Ace & Co., which has a factory in Naugatuck, Conn. was incorporated in Massachusetts. According to documents filed in federal court in New Haven, Stranberg was a resident of Wellesley until he moved to Florida earlier this year.

-- Erica Tochin

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