Sunday, February 10, 2013
Goldie Sommer structured $354,000 in client funds through attorney accounts to avoid reporting money to IRS, attorney says.
An attorney from Montville and her partner pleaded guilty Thursday to structuring client funds through attorney accounts to avoid obligatory reporting to the Internal Revenue Service (IRS). Approximately $354,000 was structured, according to U.S. Attorney Paul Fishman. Goldie Sommer, 61, and her legal partner, Edward Englehart, 61, of Rockaway, both attorneys of the Fairfield firm of Sommer and Englehart, could face up to five years in prison and a $250,000 fine each. They pleaded guilty in Newark federal court Thursday after surrendering to IRS agents in Newark on November 16, 2011. According to a press release sent by Fishman's office, Englehart and Sommer made deposits that totaled $354,000 between August 13, 2010 and September 22, 2010…
Wednesday, June 6, 2012
U.S. Attorney said Newmark embezzled more than $10.4 million from employer.
- POLICE & FIRE
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Wednesday, June 6, 2012
A 39-year-old Towaco man was sentenced to 54 months in prison Wednesday for embezzling more than $10.4 million from his employer, Columbus Hill Capital Management LP, between February 2008 and March 2011. A joint FBI and IRS criminal investigation led to the initial charges. David Newmark, who worked as the chief financial officer for the Short Hills-based firm, had pled guilty to one count of wire fraud and one count of tax evasion before U.S. District Judge William H. Walls, according to U.S. Attorney Paul J. Fishman. Newmark was sentenced in Newark Federal Court to three years of supervised release and ordered to pay $10,442,379 in restitution in addition to his prison sentence. According to the U.S. Attorney's Office, Newmark had …
Thursday, January 26, 2012
Service offered for low-income residents.
- NEWS
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Thursday, January 26, 2012
United Way of Northern New Jersey is partnering with the IRS, AARP and other community organizations to provide low-income residents with free tax preparation from IRS-certified volunteers. These free tax sites will be open in Morris, North Essex, Somerset, Sussex and Warren counties from Feb. 1 through April 15. Morris County residents can start making appointments now by dialing 2-1-1 to be connected to a location near you. Day, evening and weekend hours are available by appointment only. This free service is available only to families and individuals with a simple return (1040, 1040A, 1040EZ, Schedules A & B). The service is not applicable to businesses, stockholders or landlords. “Our residents unknowingly miss out on thousands of …
Thursday, November 17, 2011
A pair of attorneys with a Fairfield law firm allegedly deposited $354,000 in a way to avoid currency reporting requirements, authorities said.
A pair of attorneys with a Fairfield law firm allegedly deposited $354,000 in a way to avoid currency reporting requirements by keeping the deposits under $10,000, according to the U.S. Attorney's Office. Goldie Sommer, 61, of Montville and Edward Engelhart, 61, of Rockaway allegedly made numerous deposits between Aug. 13 and Sept. 22, 2010, in large, even dollar amounts—but none greater than the $10,000 threshold that triggers currency transaction reports to the IRS so the government is aware when large amounts of U.S. currency are moved, authorities said. Sommer and Engelhart, of the law firm Sommer & Engelhart, appeared Wednesday before U.S. Magistrate Judge Joseph A. Dickson in Newark federal court on the structuring charges. Bail was …
Mark
10:47 am on Monday, February 11, 2013
No, it is not. It has nothing to do with embezzlement. more ›