Date: February 11, 2021 Contact: email@example.com NEWARK, NJ — A Union County, New Jersey, man who owned and operated contracting businesses in Essex County, New Jersey, today admitted filing false tax returns that failed to report all his personal and corporate income, Acting U.S. Attorney Rachael A. Honig announced. Olger Fallas, 49, of Union, the owner and operator of Olger Fallas Painting (OFP) and Olger Fallas Properties (OFPROP) pleaded guilty by videoconference before U.S. District Judge Claire C. Cecchi to an information charging him with two counts of tax evasion. According to documents filed in this case and statements made in court: Fallas admitted that between 2013 and 2017 he owned OFP and OFPROP. He admitted that he attempted to hide personal and corporate income from the IRS by using a check cashing business to cash customer payments, which he did not report to the IRS. Fallas also admitted that he deposited hundreds of thousands of dollars in customer payments into bank accounts that were not associated with his companies. Fallas admitted that he evaded paying approximately $1.7 million in personal and corporate income taxes during the scheme. The counts of tax evasion each carry a maximum penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for June 22, 2021. Acting U.S. Attorney Honig credited agents of IRS - Criminal Investigation, under the direction of Special Agent in Charge Michael Montanez, with the investigation leading to today's guilty plea. The government is represented by Assistant U.S. Attorney Jamel Semper, Chief of the Organized Crime and Gangs Unit in Newark.