Edison Man Pleads Guilty To Filing False Tax Returns

EDISON, NJ — A man from Edison admitted to filing a false tax return on behalf of his company, U.S. Attorney Philip R. Sellinger, Acting Assistant Attorney General David A. Hubbert, and Acting Deputy Assistant Attorney General Stuart M. Goldberg said Monday.

Gabriel M. Ferrari, 64, pleaded guilty on Monday to Count Four of an indictment that charged him with subscribing to a false tax return.

Ferrari, the sole owner of Buses and Trucks Inc., in Linden, filed a corporate tax return for Buses and Trucks for tax year 2011 in January 2015. Ferrari knew at the time, that return was false in that it understated Buses and Trucks’ gross receipts for tax year 2011, according to court documents.

Ferrari used the funds to pay for personal expenses, including gambling on horse races, and did not report those diverted receipts, authorities said.

The charge of subscribing to a false tax return carries a maximum potential penalty of three years in prison and a maximum fine of $250,000. Sentencing is set for Sept. 14.

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