Owners of charter fishing and river cruising
boat companies plead guilty to tax evasion
FOR IMMEDIATE RELEASE |
April 18, 2012 |
TRENTON, N.J. – A father and daughter who own and operate Bogan’s Deep Sea Fishing Center in Brielle, N.J., today admitted failing to report or pay income taxes on a large portion of the money they took in while running their business, U.S. Attorney Paul J. Fishman announced.
William H. Bogan Sr., 76, and his daughter, Sharon Bogan, 47, each pleaded guilty before U.S. District Judge Freda L. Wolfson to Informations charging them with income tax evasion.
According to documents filed in this case and statements made in court:
Bogan Sr. and Sharon Bogan owned and operated a number of charter fishing and river cruising boats located in Brielle and Point Pleasant, N.J. From 2004 through 2009, the Bogans kept for their personal use a large portion of the business receipts received by their charter fishing and river cruising boats – primarily payments in the form of cash and checks made out to “Captain Bogan” – and failed to report these receipts on their respective personal income tax returns. William Bogan admitted that in 2006 alone, he failed to report more than $300,000 in income he diverted from the charter fishing and river cruising boats. William Bogan further admitted that he maintained a “second set of books,” which was recovered by special agents of the IRS during a search of his personal residence and which he used to record the amount of income he received but did not report to the IRS.
The charge of tax evasion to which the defendants pleaded guilty carries a maximum potential penalty of five years in prison and a maximum fine of $250,000. Sentencing for both of the Bogans is scheduled for Oct. 4.
U.S. Attorney Fishman credited special agents of IRS – Criminal Investigation, under the direction of Acting Special Agent in Charge JoAnn S. Zuniga, with the investigation that resulted in today’s pleas.
The case is being prosecuted by Assistant U.S. Attorney Christopher J. Kelly of the U.S. Attorney’s Economic Crimes Unit in Newark.
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Defense counsel:
William Howard Bogan Sr.: Kevin H. Marino Esq., Chatham, N.J.
Sharon Bogan: Lawrence S. Horn Esq., Newark, N.J.
