TRENTON, NJ – A resident of Monmouth County faces charges for tax evasion and obstructing IRS operations, as announced by U.S. Attorney Philip R. Sellinger.
Matthew Tucci, 51, from West Long Branch, New Jersey, has been indicted with charges of evading taxes for the years 2015 and 2016 and obstructing the administration of IRS laws. He is set to appear in Trenton federal court this afternoon before U.S. Magistrate Judge Tonianne J. Bongiovanni.
Tucci is accused of failing to pay over $2 million in taxes due from income earned in 2015 and 2016, despite acknowledging the debt. Instead, he is alleged to have invested in over $7.6 million worth of real estate, engaging in fraudulent transactions to hide these assets from the IRS. Moreover, Tucci is accused of providing false statements to IRS officials and withholding crucial information about his financial status during collection procedures.
The charges against Tucci include a maximum sentence of five years for tax evasion and three years for obstructing IRS laws, with potential fines up to $250,000 and $100,000, respectively.