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NYC Businessman Indicted For Evading Taxes From $4.1M NJ Company Buyout
A shareholder with a New Jersey-based home warranty company ducked more than $250,000 in taxes from the sale of his stock, federal authorities charged.
In exchange for his shares, the Edison company agreed to pay David Seruya, 42, of Brooklyn more than $4.1 million, the Justice Department said.
The deal included a lump sum payment and installment payments spread out over 24 months, federal authorities said.
On three straight tax returns, from 2014 through 2016, Seruya gave his return preparer “false and incomplete income information,” underreporting the income he received from the sale, a…
