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Feds: Wayne Entrepreneur Gets 366 Days For Ducking $550G In Payroll Taxes At Fair Lawn Firms Feds: Wayne Entrepreneur Gets 366 Days For Ducking $550G In Payroll Taxes At Fair Lawn Firms
Feds: Wayne Entrepreneur Gets 366 Days For Ducking $550G In Payroll Taxes At Fair Lawn Firms A Wayne entrepreneur who owned and operated several businesses in and around Fair Lawn was sentenced to a year and a day in federal prison Wednesday for ducking nearly $550,000 in payroll taxes. Dennis Saccurato, 68, must serve out the entire term because there’s no parole in the federal prison system. U.S. District Court Judge Susan D. Wigenton in Trenton also sentenced him to three years of supervised release. All told, Saccurato failed to pay over approximately $549,715.29 in employment taxes for cleaning product businesses in Fair Lawn – among them, Sparta Chem Inc., Horizon Products L…

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by Jerry DeMarco
Police & Fire
COVID-19: Feds Nab Fleeing Sussex Man Accused Of Pocketing $5.6M Small Biz Pandemic Loan COVID-19: Feds Nab Fleeing Sussex Man Accused Of Pocketing $5.6M Small Biz Pandemic Loan
Covid-19: Feds Nab Fleeing Sussex Man Accused Of Pocketing $5.6M Small Biz Pandemic Loan A Sussex County man who collected $5.6 million in federal COVID-19 pandemic loans that he wasn't entitled to was about to board a flight to Pakistan when federal agents arrested him, authorities said. Azhar Sarwar Rana, 30, of Newton, took the money -- designed to keep struggling small businesses afloat during the pandemic – and invested millions in the stock market, made a payment to a luxury car dealership and sent hundreds of thousands of dollars to accounts in Pakistan, U.S. Attorney Craig Carpenito said. Rana submitted an application for a stimulus loan under the federal Paycheck Prote…

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by Jerry DeMarco
Police & Fire
NJ: Cliffside Park Lawyer Created Fake Companies, Got $9 Million In COVID Loans, Bought Mansion NJ: Cliffside Park Lawyer Created Fake Companies, Got $9 Million In COVID Loans, Bought Mansion
NJ: Cliffside Park Lawyer Created Fake Companies, Got $9 Million In COVID Loans, Bought Mansion A Cliffside Park lawyer scammed lenders out of $9M in COVID-relief loans by creating records for bogus businesses he claimed to control, then spent the money on a $1 million home in Cresskill and millions more in stock market investments, authorities charged. Jae H. Choi, 48, “fabricated the existence of hundreds of employees, manipulated bank and tax records, and falsified a driver’s license on the applications,” U.S. Attorney Craig Carpenito said. Choi told the lenders that he paid $3 million in monthly wages to hundreds of employees in the non-existent companies, Carpenito said. Lenders…

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by Jerry DeMarco