He faces a maximum sentence of three year, a year of supervised released and a fine of $250,000 or twice the gain or loss, for each count. He is scheduled to be sentenced on April 28.
Armstrong, who lived and worked on Martha's Vineyard, owned rental property in Massachusetts and Florida. But for the three tax years, he failed to report about $790,000 in gross receipts and roughly $47,000 in rental income. That meant he avoided paying $200,000 in taxes.