Former Pittsfield loan officer admits to federal tax fraud


SPRINGFIELD -- A former commercial loan officer from Pittsfield has pleaded guilty in U.S. District Court to nine charges associated with a tax fraud scheme that involved a local businessman, according to federal court documents.

Michael Dicenzo, who has worked for several Berkshire financial institutions, entered his guilty plea Wednesday when he was arraigned on those charges in federal court.

Dicenzo is scheduled to be sentenced at 2 p.m. Oct. 16 in federal court in Springfield, according to court documents. He is represented by Attorney Alan J. Black of Springfield.

Dicenzo pleaded guilty to four counts of tax fraud, four counts of receipt of money through transactions of a credit union with intent to defraud, and one count of making false statements to federal officials.

The local businessman is not identified in court documents. He is described only as a "Pittsfield-area businessman" who owned and operated five construction and real estate development companies that each had loan accounts at the Greylock Federal Credit Union that Dicenzo supervised.

Dicenzo was employed as a commercial loan officer at Greylock from Sept. 4, 2004, through Sept. 11, 2009. Between March 1, 2005, and Sept. 5, 2008, Dicenzo authorized various loans and loan modifications to the businessman and his companies in "knowing and intentional" violation of Greylock's loan approval, loan aggregation, loan modification and documentation policies, federal court papers indicate.

Dicenzo's roots in the Berkshire banking community date back to 1977, according to Eagle files. He joined Greylock following 10 years as a commercial lender at Legacy Banks. He also held positions with Berkshire Bank & Trust, the First Agricultural Bank and with MountainOne Financial Partners.

He was also active in the community, having held positions in UNICO of Pittsfield, the March of Dimes Birth Defects Foundation, the Jimmy Fund Council of the Berkshires and the Kiwanis Club.


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