New York Daily News

Guilty mobster is tax-whacked

- Andrew Keshner

A TAX-DODGING wiseguy finally owned up to trying to stiff the feds.

Reputed Genovese soldier Sal (Sallie) Demeo pleaded guilty to attempted tax evasion Monday in Brooklyn Federal Court.

Prosecutor­s said Demeo turned a $2 million profit in 2013 and 2014 by selling shares of downtown Brooklyn properties he inherited from his father in 1991 — but he didn’t report the capital gains windfall.

Demeo and others with shares in the properties along Atlantic Ave., Pacific St., Bond St. and Schermerho­rn St. sold off the lots for a combined $18.2 million.

Demeo, 78, devised a plan to keep IRS eyes off his money, authoritie­s said.

He had his proceeds carved up into eight separate checks and then deposited most of the money in accounts that weren’t his.

Demeo will have to pay the government more than $367,000 in owed taxes under his plea deal. He might pay up by arranging sales on other Brooklyn properties in which he has a stake, his lawyer said.

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