NEWARK, N.J. – A business owner from Middlesex County, New Jersey, has been sentenced to one year and one day in prison for falsifying a tax return on behalf of his company.
The sentence was announced on Wednesday, by U.S. Attorney Philip R. Sellinger and Acting Assistant Attorney General David A. Hubbert.
Gabriel M. Ferrari, owner of Buses and Trucks Inc., an automotive repair business based in Linden, New Jersey, previously pleaded guilty to the charge of submitting a false tax return.
Ferrari admitted that he knowingly understated the company’s gross receipts for the tax year 2011, having diverted the company’s earnings to fund personal expenses, such as gambling on horse races.
Ferrari has also been sentenced to one year of supervised release and ordered to pay restitution of $87,926. Special agents of IRS Criminal Investigation, under the direction of Special Agent in Charge Tammy Tomlins, were instrumental in the investigation that led to Ferrari’s sentencing.