FOR IMMEDIATE RELEASE
August 10, 2011
CAMDEN, N.J. – IRS agents arrested a Linwood, N.J., man at his residence this morning for allegedly filing false income tax returns for tax years 2004 through 2009, U.S. Attorney Paul J. Fishman announced.
A federal grand jury returned an Indictment yesterday charging Frank A. Dominico, 65, with five counts of filing false income tax returns. He is expected to appear before U.S. Magistrate Judge Ann Marie Donio for a bail hearing and U.S. District Judge Noel L. Hillman for arraignment this afternoon in Camden federal court.
According to the Indictment unsealed today:
From 2004 through July 2009, Frank Dominico was employed as the treasurer, then president of General Glass Equipment Company in Galloway, N.J. While at General Glass, Dominico was responsible for handling all accounting and financial aspects of the company, including: payroll; accounts receivable and payable; preparing billing; paying bills and signing checks drawn on the company’s bank account; preparing tax returns; and maintaining the company’s corporate books and records.
Dominico failed to report a total of more than $2.5 million in income from General Glass on his 2004 through 2009 tax returns, and falsely claimed mortgage interest on his residence that he did not pay. Dominico submitted a number of W-2 forms to the IRS which included false information.
Each of the five counts of the Indictment carries a maximum potential penalty of three years in prison and a $250,000 fine.
U.S. Attorney Fishman credited special agents of IRS – Criminal Investigation, under the direction of Special Agent in Charge Victor W. Lessoff, with the investigation of the case.
The government is represented by Assistant U.S. Attorney Jason M. Richardson of the U.S. Attorney’s Office Criminal Division in Camden.
The charges and allegations contained in the Indictment are merely accusations, and the defendant is considered innocent unless and until proven guilty.