December 28, 2017 — The former president of East Gloucester-based National Fish pleaded guilty to seven counts of tax evasion on Friday as part of a deal with federal prosecutors that removed more serious conspiracy charges involving at least one other National Fish executive.
Jack A. Ventola of Ipswich changed his plea to guilty last Tuesday and now faces up to three years in prison, three years of supervised release and a fine of at least $250,000 for each of the seven counts. Ventola also was ordered to make restitution of $1.07 million to the IRS.
As part of the agreement, Ventola, whose sentencing is set for March 27 in U.S. District Court in Boston, must pay at least $200,000 of the restitution at or before sentencing.