MIDDLESEX COUNTY MAN CHARGED WITH TAX EVASION AND FILING FALSE TAX RETURNS
MIDDLESEX COUNTY MAN CHARGED WITH TAX EVASION AND FILING FALSE TAX RETURNS
NEWARK, N.J. – A Middlesex County, New Jersey, man was charged today with tax evasion and filing false tax returns, Acting U.S. Attorney Rachael A. Honig and Acting Deputy Assistant Attorney General Stuart M. Goldberg announced.
Gabriel M. Ferrari of Edison, New Jersey, was indicted by a federal grand jury today on three counts of tax evasion and seven counts of filing false personal and corporate tax returns. He will have his arraignment and initial appearance at a later date.
According to the indictment:
From 2011 through 2014, Ferrari, owner of Buses and Trucks Inc. (B&T) in Linden, New Jersey, used gross receipts of B&T to pay personal expenses, including gambling on horse races, and then did not disclose the diverted receipts to his return preparer or the IRS. To hide his income, Ferrari filed false business and personal tax returns with the IRS.
Each count of tax evasion carries a maximum potential penalty of five years in prison and a maximum fine of $250,000. Each count of filing a false tax return carries a maximum potential penalty of three years in prison and a maximum fine of $250,000.
Acting U.S. Attorney Honig and Acting Deputy Assistant Attorney General Goldberg credited special agents of IRS-Criminal Investigation Division, under the direction of Special Agent in Charge Michael Montanez in Newark, with the investigation leading to today’s indictment.
The government is represented by Assistant U.S. Attorney Andrew M. Trombly of the Cybercrime Unit in Newark and by Trial Attorney Ann M. Cherry of the Tax Division in Washington, D.C.
The charges and allegations contained in the indictment are merely accusations, and the defendant is considered innocent unless and until proven guilty.
