Light Rain 45°
Tag:

OCDETF/Narcotics Unit in Newark

Police & Fire
Co-Owner Of Two Of Ironbound's Most Popular Portuguese Restaurants Admits $715,780 Tax Fraud Co-Owner Of Two Of Ironbound's Most Popular Portuguese Restaurants Admits $715,780 Tax Fraud
Co-Owner Of Two Of Ironbound's Most Popular Portuguese Restaurants Admits $715,780 Tax Fraud A former 50% owner of two of the most popular Portuguese restaurants in Newark's Ironbound admitted that he cheated the IRS out of $715,780 by paying employees under the table, authorities said. Jorge Fernandes, 76, of West Orange, sold the Iberia Tavern and Iberia Peninsula to a developer for a combined $40 million and closed both restaurants in June amid what turned out to be a federal investigation.  Fernandes "was fully aware of his legal obligation to collect payroll taxes from the restaurants’ employees," U.S. Attorney for New Jersey Philip R. Sellinger said, "but instead pa…

SHARE

by Jerry DeMarco