Daniel Carlo, owner and operator of a construction company named “Cartar” in New Jersey, pleaded guilty to tax evasion and consecutively sentenced to one year in federal prison for such charges.
In April 2006, Carlo purposely excluded $242,764 of taxable income from his 2005 U.S. Individual Income Tax Return Form 1040. Carlo admitted to hiding most of his unreported income by depositing client receipts into bank accounts held by his wife and daughter.
Carlo was also sentenced to 2 years of supervised release after his release.
