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Press Release

New Jersey Man Accused of Evading Over $2 Million in Federal Taxes

For Immediate Release
Office of Public Affairs
Defendant Allegedly Concealed a Multimillion-Dollar Real Estate Portfolio and Lied to the IRS to Avoid Paying Taxes

A New Jersey man was arrested today on an indictment returned by a federal grand jury in Trenton, New Jersey, charging him with tax evasion and obstructing the IRS. 

According to the indictment, in 2015 and 2016, Matthew Tucci, of West Long Branch, received millions of dollars in income from purported refunds by the Customs and Tax Administration of the Kingdom of Denmark. Tucci allegedly filed federal tax returns for those years that reported he owed over $2 million in taxes, but included no payment with his returns. Instead, Tucci allegedly sought to evade IRS efforts to collect the taxes due. He allegedly purchased more than $7.6 million-worth of real estate and attempted to conceal his ownership of these assets from the IRS by, among other things, transferring title to some of these properties to nominees. He also allegedly made false statements to the IRS and withheld important facts from the IRS concerning his financial resources and his ability and intent to pay.

If convicted, Tucci faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Philip R. Sellinger for the District of New Jersey made the announcement.

IRS Criminal Investigation and the FBI are investigating the case.

Senior Litigation Counsel Nanette Davis and Trial Attorney Catriona M. Coppler of the Justice Department’s Tax Division and Assistant U.S. Attorney Eric Boden for the District of New Jersey, Attorney in Charge of the Trenton Office, are prosecuting the case.

An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Updated April 5, 2024

Press Release Number: 24-403