New Jersey painting company owner pleads guilty to filing false tax returns

 

Date: January 6, 2020

Contact: newsroom@ci.irs.gov

Newark, N.J. – A New Jersey man pleaded guilty to filing a false tax return with the Internal Revenue Service.

Nicola Marchese entered his plea in Newark federal court before U.S. District Judge Stanley R. Chesler. Marchese pleaded guilty to two counts of making and subscribing to a false tax return. Sentencing is scheduled for March 24, 2020.

"With this year's filing season just around the corner, today's guilty plea is a reminder that IRS Criminal Investigation is diligent when it comes to enforcing the laws directed at those who would attempt to defraud our nation's tax system," stated John R. Tafur, Special Agent in Charge, IRS-Criminal Investigation, Newark Field Office.

According to court documents and statements made in court:

Marchese owned and operated Napoli Painting Company, Inc. For the tax years 2011 and 2012, Marchese admitted that he filed fraudulent corporate tax returns on behalf of Napoli Painting Company. The returns were false in that Marchese failed to report approximately $82,000 of additional income on the 2011 corporate tax return and approximately $184,084 of additional income on the 2012 corporate tax return.

The count of subscribing to a false tax return carries a statutory maximum prison sentence of three years and a statutory maximum fine equal to the greatest of: (1) $250,000; (2) twice the gross amount of any pecuniary gain derived from the offense; or (3) twice the gross amount of any pecuniary loss sustained by any victims of the offense.

The investigation was conducted by IRS-Criminal Investigation, Newark Field

Office, under the direction of Special Agent in Charge John R. Tafur and the U.S. Attorney's Office, under the direction of U.S. Attorney Craig Carpenito.

The government is represented by Assistant U.S. Attorney Sammi Malek.