ROXBURY, N.J. – The owner of a Roxbury based scrap-metal transport business faces up to three years in prison and a heavy fine for lying to the IRS about how much money he made more than six years ago, according to authorities.
The man, Anthony Curto, Jr., 51, admitted his actions Thursday in federal court, said the U.S. Attorney's Office. It said Curto pleaded guilty to making and subscribing a false tax return.
Authorities said Curto, owner and operator of Total Metal Transport, attempted to avoid paying more than $175,000 in taxes by under-reporting his income.
"Curto admitted that for tax years 2012 and 2013, he underreported and failed to report the gross receipts from Total Metal Transport (TMT), which he operated on a cash-only basis, on his personal tax return," said U.S. Attorney Craig Carpentino.
Income Taxes Due and Owing
According to a copy of the complaint filed by the government, Curto deposited more than $6.4 million of business revenue into TMT's business bank account during 2012 and 2013. He also "regularly paid substantial personal expenses from TMT's business bank account and used the business's corporate credit card to pay for substantial personal expenses," said the complaint.
But in his IRS Form 1040s for those years, Curto reported about $70,000 per year in income, said the complaint. It said Curto left almost $280,000 in income off the 1040 for 2012 and about $297,000 in income off the 1040 for 2013.
"In total, between 2012 and 2013, defendant Anthony Curto Jr. received approximately $585,024 in income from TMT that he failed to report to the Internal Revenue Service," said the complaint. "This resulted in a total of approximately $175,026 in additional personal income taxes due and owing to the United States."
Curto, who formerly lived in Succasunna but now lives in Sussex County, is scheduled to be sentenced in March. "The count of making and subscribing a false tax return carries a maximum potential penalty of three years in prison and a $250,000 fine, or twice the gross gain or loss from the offense," said Carpentino.
He credited the success of the investigation to special agents of the IRS-Criminal Investigation under the direction of Special Agent in Charge John Tafur.