Matthew Tucci of West Long Branch, New Jersey, finds himself in legal trouble as he is arrested on an indictment returned by a federal grand jury in Trenton.
The charges against Tucci include tax evasion and obstruction of the IRS, stemming from alleged actions during 2015 and 2016.
Allegations of Concealed Income from Danish Refunds
According to the indictment, Tucci received millions of dollars in income from purported refunds by the Customs and Tax Administration of the Kingdom of Denmark.
Despite this substantial income, Tucci purportedly filed federal tax returns for the corresponding years indicating over $2 million in taxes owed but failed to include any payment with his returns.
Elaborate Scheme to Evade IRS Collection Efforts
Rather than addressing his tax obligations, Tucci allegedly engaged in a series of actions aimed at evading IRS collection efforts.
These actions included the purchase of real estate worth over $7.6 million and attempts to conceal ownership through transfers to nominees. Furthermore, Tucci is accused of making false statements to the IRS and withholding crucial financial information.
Potential Consequences and Sentencing Considerations
If convicted, Tucci faces a maximum penalty of five years in prison. The ultimate sentence, however, will be determined by a federal district court judge, who will take into account various factors including the U.S. Sentencing Guidelines and statutory considerations.
Government Response and Ongoing Investigations
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division, along with U.S. Attorney Philip R. Sellinger for the District of New Jersey, announced the indictment.
IRS Criminal Investigation and the FBI are actively investigating the case, with prosecution led by Senior Litigation Counsel Nanette Davis, Trial Attorney Catriona M. Coppler from the Justice Department’s Tax Division, and Assistant U.S. Attorney Eric Boden for the District of New Jersey.
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