A New Jersey man was sentenced July 19 to one year and one day in prison for filing a false corporate income tax return with the IRS.
According to court documents and statements made in court, Gabriel Ferrari of Edison, N.J., owned and operated Buses and Trucks, Inc., in Linden, N.J. In 2011, Ferrari used business funds to pay for personal items, including gambling on horse races. Ferrari concealed this diversion of business income by not disclosing it to his return preparer, thus causing the preparation and filing of a false corporate tax return. Furthermore, Ferrari did not pay employment