Frank Parlato, who has worked on the behalf of NXIVM and Keith Raniere in the past, could be facing 24 months in federal prison.

Aug. 6—BUFFALO — Almost seven years after a federal grand jury charged former Falls businessman and newspaper publisher Frank Parlato, and an associate, in a complex scheme “to defraud the United States and certain members of the public” and to obstruct the function of the Internal Revenue Service, the feds finally got their man.

Parlato, 67, the former owner of the One Niagara building, a local real estate investor, publisher of the Niagara Falls Reporter and editor-in-chief of the weekly newspaper ArtVoice, pleaded guilty, in U.S. District Court in Buffalo Friday morning, to a single count of willful failure to file returns involving cash transactions of more than $10,000. The transaction was a $19,970 rent payment, made in cash to Parlato, in 2010, by a vendor operating a business in the One Niagara building that he owned and operated.