Former Senior Vice President of Operations at White Rose Food sentenced to 20 months in prison for tax evasion
FOR IMMEDIATE RELEASE
May 21, 2014
TRENTON, N.J. – The former senior vice president of operations of an independent wholesale food distributor was sentenced today to 20 months in prison for evading taxes on income he received from third parties, U.S. Attorney Paul J. Fishman announced.
John Annetta, 61, of Marlboro, N.J., previously pleaded guilty before U.S. District Judge Peter G. Sheridan to an information charging him with one count of tax evasion.
According to documents filed in this case and statements made in court:
Between 2006 and 2011, Annetta worked at White Rose Food, an independent wholesale food distributor in the New York City and New Jersey metropolitan areas. During that time he was given $1,648,085 from two people he met in the course of his employment. He failed to report this money as taxable income for the calendar years 2006, 2007, 2008, 2009, 2010, and 2011 in the amounts of $106,500, $234,000, $317,406, $398,542, $292,700 and $298,936, respectively. He admitted that for 2006 through 2011 he would have owed the government $536,530 if he had reported the additional cash on his income tax returns.
In addition to the prison term, Judge Sheridan sentenced Annetta to two years of supervised release.
U.S. Attorney Fishman credited inspectors of the U.S. Postal Inspection Service, under the direction of Acting Postal Inspector in Charge Marie Kelokates, and special agents of IRS-Criminal Investigation, under the direction of Acting Special Agent in Charge Jonathan D. Larsen, for the investigation leading to today’s sentencing.
The government is represented by Assistant U.S. Attorney Lakshmi Srinivasan Herman of the U.S. Attorney’s Office Economic Crimes Unit in Newark.
Defense counsel: Matt D. Mandel Esq. of Millburn, N.J.