☷New Jersey Man Pleads Guilty to Filing False Tax Return
U.S. Department of Justice ( By Press Release office)
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A New Jersey man pleaded guilty today to filing a false corporate tax return with the IRS . According to court documents and statements made in court , Gabriel Ferrari , of Edison , owned Buses and Trucks Inc . ( B&T ) , an automotive repair business located in Edison . Ferrari used B&T funds to pay for personal items , including gambling on horse races . He did not inform his tax preparer about the diverted corporate funds for tax years 2011 through 2014 and , as a result , B&T’s corporate tax returns and his personal income tax returns for each of these years were false . Ferrari is scheduled to be sentenced on Sept . 14 and faces a maximum penalty of three years in prison for filing a false tax return . He also faces a period of supervised release , restitution and monetary penalties . A federal district court judge will determine any sentence after considering the U . S . Sentencing Guidelines and other statutory factors . Acting Deputy Assistant Attorney General Stuart M . Goldberg of the Justice Department’s Tax Division made the announcement . IRS - Criminal Investigation investigated the case . Trial Attorney Ann M . Cherry of the Tax Division and Assistant U . S . Attorney Andrew Trombly of the U . S . Attorney’s Office for the District of New Jersey are prosecuting the case .
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