Morganville Wine Delivery Owner Admits To Tax Evasion

MARLBORO TOWNSHIP, NJ — A Morganville man who owns a trucking company admitted this week in U.S. federal court to committing tax evasion and bankruptcy fraud, the U.S. Attorney said. He used his trucking business, 4 G's Trucking, primarily to deliver cases of wine throughout New Jersey and the Tri-State region.

Giacomo Giorlando, 54, of Morganville, New Jersey, pleaded guilty Wednesday before U.S. District Judge Peter G. Sheridan in Trenton federal court to three counts of tax evasion and one count of bankruptcy fraud.

As an owner of 4 G's Trucking, Giorlando comingled business revenue with his personal funds, federal prosecutors say. He utilized a check casher to cash business checks, deposited the proceeds of his business
into various bank accounts, and then significantly inflated expenses to reduce his taxable income
for the years 2011, 2012 and 2014, prosecutors said.

On Wednesday, Giorlando admitted he was responsible for a $460,012 tax loss from those three years.

Giorlando filed for bankruptcy in May 2014, and he admitted at that time he failed to accurately report his assets from at least 10 accounts at TD Bank and one account at Provident Bank, prosecutors said.

His bankruptcy was approved based upon this false and incomplete information. He was discharged on March 13, 2015.

The tax evasion and bankruptcy charges each carry a maximum potential penalty of five years in prison and a $250,000 fine. Sentencing is set for Nov. 17, 2017.

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