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Ann M. Cherry

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NJ Auto Shop Owner Who Stiffed IRS To Wager On Horses Headed To Prison, But Not Furlong NJ Auto Shop Owner Who Stiffed IRS To Wager On Horses Headed To Prison, But Not Furlong
NJ Auto Shop Owner Who Stiffed IRS To Wager On Horses Headed To Prison, But Not Furlong A New Jersey auto repair shop owner who gambled on horse races has to serve a year and a day in federal prison for not ponying up to the IRS, authorities said. Gabriel Ferrari, who was the president and CEO of Buses and Trucks in Linden, tapped his business account for bets at the track, U.S. Attorney Philip R. Sellinger said. Ferrari, of Edison, stiffed the government $291,600 in taxes from a cash payroll and didn’t tell his return preparer, the U.S. attorney said. Ferrari took a deal from federal prosecutors rather than risk the potential consequences of a guilty verdict at a trial. He’l…

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by Jerry DeMarco