Law & Justice

Former Traffic Safety Service LLC Vice-President Pleads Guilty to Tax Evasion

989f921d33a737030098_fed1c2e4977e27f6f529_2eafe75589039d6dbb7c_edb89f709ec5a4752ef7_9f8f9ffe25d475a5079f_c70959bae8a00f55ad3d_dc450a998e9135c07018_1003479d4ea60ee00236_55072af69cca9951caf8_stock_image_-_law_revised_-_v1.jpg
989f921d33a737030098_fed1c2e4977e27f6f529_2eafe75589039d6dbb7c_edb89f709ec5a4752ef7_9f8f9ffe25d475a5079f_c70959bae8a00f55ad3d_dc450a998e9135c07018_1003479d4ea60ee00236_55072af69cca9951caf8_stock_image_-_law_revised_-_v1.jpg

NEWARK, NJ – A former vice-president of Traffic Safety Services LLC, located on Hadley Road in South Plainfield, admitted Wednesday to evading income taxes on more than $2 million in withdrawals he made from the business for his own use, U.S. Attorney Paul J. Fishman announced.

Anthony R. Pecoraro, 50, of Colts Neck, pleaded guilty before U.S. District Judge William H. Walls to an information charging him with one count of tax evasion.

According to documents filed in this case and statements made in court:

Sign Up for E-News

Pecoraro worked in 2008 and 2009 at Traffic Safety Service LLC, which provided traffic safety equipment and other traffic related services to local and state municipalities and private businesses. In connection with his position as a vice president, he had access to the company’s business account.

During his guilty plea proceeding, Pecoraro admitted he wrote checks for unauthorized cash withdrawals for a total of approximately $2,126,200 between June 2008 and December 2009, which he took for personal use. Pecoraro acknowledged he failed to report this money as taxable income for calendar years 2008 and 2009 in the amounts of $563,800 and $1,562,400, respectively, and that if he had reported the additional cash on his income tax returns he would have owed the government approximately $733,970.

The charge to which Pecoraro pleaded guilty carries a maximum potential penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for Dec. 4, 2013.

U.S. Attorney Fishman credited special agents of Immigration and Customs Enforcement, Homeland Security Investigations, under the direction of Special Agent in Charge Andrew M. McLees in Newark; and IRS-Criminal Investigation, under the direction of Special Agent in Charge Shantelle P. Kitchen, with the investigation.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

South Plainfield

Obituaries

Chief Michael J. Cleary, Sr. 66, of South Plainfield, died suddenly on July 14, 2018. Born and ...
Read more

Letters to the Editor

Carly Kensey Graduates from ECU

July 13, 2018

GREENVILLE, NC -- Carly Kensey of South Plainfield graduated with a BA-Psychology from East Carolina University during spring commencement exercises May 4 in Dowdy-Ficklen Stadium.

The fireworks capped off a new format for ECU's 109th spring commencement ceremony, which was held in the evening for the first time.

The keynote speaker for commencement was Linda McMahon, administrator of ...

Community Happenings

Adult “crafternoon” at the South Plainfield Public Library

July 15, 2018

Crafting isn't just for kids anymore!  Come to the South Plainfield Library on Saturday July 28 at 2pm for a fun filled “crafternon” for adults with crafter Patricia Dahl.  Crafters will be decorating a wine bottle. We will supply all the materials, just come and enjoy! If you have a glue gun at home, if you could bring it to the craft program.  Registration is ...

Frist Baptist Church of South Plainfield to Host Annual Vacation Bible School

July 17, 2018

SOUTH PLAINFIELD, NJ - First Baptist Church of South Plainfield will be holding their annual Vacation Bible School program the week of August 6-10 from 6:30 to 8:30 PM. This free VBS program is open to children entering Kindergarten through entering 6th grade. Children will participate in this exciting experience learning how God is faithful and keeps His promises through Bible stories, songs, ...

South Plainfield Police Hiring Per-Diem Dispatchers

The South Plainfield Police Department is accepting applications for Per-Diem Police Dispatcher.  The following are the minimum requirements for applicants:

Must be at least 18 years of age
Must have a High School diploma or GED
Must be certified in 9-1-1, EMD and CPR
Must pass a background check and a computerized Dispatch test
Must be able to multi-task while using Police, ...

Columns

Diegnan Bill to Establish Asset Forfeiture Reporting and Transparency Requirements Passes Senate

(SOUTH PLAINFIELD) – Legislation sponsored by Senator Patrick J. Diegnan, Jr. that establishes asset forfeiture reporting and transparency requirements passed the full Senate today.

“Across New Jersey, law enforcement can confiscate cash, cars and other property from people, often without ever charging them with a crime,” said Senator Diegnan (D-Middlesex) “While ...

People I've Known and Been: Little by Little by Rich Little

People I've Known and Been: Little by Little by Rich Little (Dog Ear Publishing, 2015)

 

Rich Little is a national treasure; a living encyclopedia of movie stars, comedians, and former presidents all wrapped into one dynamic package. Recently, my husband and I had the good fortune to see Little perform at the Tropicana in Las Vegas, where he has been doing his uncanny ...

Bookmarks

Come join us Monday, July 23 at 6:30 PM for Monday Night Movies.  This week’s selection stars Donald Sutherland and Helen Mirren, and it follows their characters as they journey across the country in a RV, rekindling their passion for life and their romance.  It is rated R.  If you cannot make it to the Monday night showing, there is a second screening on Wednesday, July 25 ...

Press Releases

ICE ERO Newark Arrests 37 Individuals in Middlesex County During Enforcement Surge

July 18, 2018

NEWARK, N.J. — U.S. Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO) Newark Field Office arrested 37 individuals during a five-day operation that concluded Friday, as part of the agency’s ongoing public safety efforts. The operation targeted criminal aliens who were previously incarcerated at the Middlesex County Jail (MCJ), and who were subsequently ...

5 Simple Ways to Save Water this Summer

According to the L.A. Times, the average American uses an estimated 98 gallons of water EACH day.  

Here are five simple ways you can save water, to help you conserve water this summer and take some pressure off of your drains.

1. Unless you are using it, turn the faucet off. How many of us still leave the water running while we shave or brush our teeth?According to ...