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Massachusetts exec busted for allegedly cheating the IRS, getting paid under the table

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Massachusetts exec busted for allegedly cheating the IRS, getting paid under the table


A former local exec is accused of cheating the IRS by getting paid more than $1.6 million in compensation and fringe benefits under the table.

Marlboro man Stephen Hochberg, 77 — who was an accounting and real estate executive in Sudbury — was recently charged by the feds. He has agreed to plead guilty to perpetrating the multi-year scheme.

Hochberg, who was previously convicted of wire fraud and securities fraud, is also accused of lying to the U.S. Attorney’s Office about his income to avoid paying restitution he owed to victims of the earlier fraud scheme.

According to the feds, Hochberg and his business partner Charles Katz agreed as early as 2014 to cheat the IRS.

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They allegedly agreed that Hochberg — who was the director of corporate services at Katz’s accounting firm and the COO at Katz’s real estate firm — would be paid significant compensation off the books so that Hochberg would have tax-free income.

Also, this scheme would mean that Katz’s firms – CD Katz LLC and Gebsco Realty Corporation – would have lower employment taxes.

Over time, Katz allegedly paid Hochberg’s family, provided rent-free housing to Hochberg’s ex-wife, paid college tuition for his children, and paid personal expenses that Hochberg and his ex-wife charged on corporate credit cards.

Katz allegedly paid Hochberg at least $1,668,487 in unreported income, and avoided taxes of at least $835,105.

In 2008, Hochberg was convicted of eight counts of wire fraud and nine counts of securities fraud. He was sentenced to more than five years in federal prison, and he was ordered to pay almost $1.8 million to his victims.

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In addition to his and Katz’s scheme, he allegedly lied to the U.S. Attorney’s Office about his income from Katz’s firms and obstructed the collection of restitution he owed victims.



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Massachusetts

Springfield attorney named to 2026 Massachusetts Super Lawyers list

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Springfield attorney named to 2026 Massachusetts Super Lawyers list


SPRINGFIELD, Mass. (WWLP) – Springfield bankruptcy attorney Andrea M. O’Connor has been named to the 2026 Massachusetts Super Lawyers list.

According to the firm, Andrea M. O’Connor of Shatz, Schwartz and Fentin, P.C., has been named to the 2026 Massachusetts Super Lawyers list in the Bankruptcy: Consumer practice area, marking the fourth consecutive year she has received the recognition.

O’Connor’s practice draws on experience representing both debtors and creditors, serving as a Chapter 7 trustee and clerking for the U.S. Bankruptcy Court for the District of Massachusetts. The firm said she develops legal strategies tailored to her clients’ individual needs and goals.

Andrea M. O’Connor (Courtesy of Market Mentors)

O’Connor graduated magna cum laude from Western New England University School of Law, where she served as editor-in-chief of the Western New England Law Review. She is admitted to practice law in Massachusetts and Connecticut, as well as before the U.S. District Courts for Massachusetts and Connecticut, the U.S. Court of Appeals for the First Circuit, and the U.S. Court of Appeals for the Second Circuit.

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Beyond her legal practice, O’Connor serves as chair of the Bankruptcy Section of the Hampden County Bar Association and is co-chair of both the Western Massachusetts Bankruptcy Conference and the MCLE Bankruptcy Conference. She also serves on committees for the U.S. Bankruptcy Court for the District of Massachusetts.

Before earning placement on the Massachusetts Super Lawyers list from 2023 through 2026, O’Connor was recognized as a Super Lawyers Rising Star each year from 2019 through 2022.

Super Lawyers is a peer-reviewed attorney rating service that recognizes lawyers in more than 70 practice areas. The organization says its selection process includes attorney nominations, independent research and peer evaluations.

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