TRENTON, NJ – Eric Logiudice admitted evading taxes on over $600,000 in unreported income, including $150,000 stolen and embezzled his former employer, NJS Metropolitan Architectural Woodworking Inc., says the U.S. Attorney's Office in New Jersey. Logiudice, of Manalpan, NJ, also falsified applications for projects with the Department of Housing and Urban Development to get federal funding for community redevelopment projects which he didn't qualify, says U.S. Attorney Paul J. Fishman.
Logiudice, 41, pleaded guilty in Trenton NJ federal court to tax evasion of $115,711 in personal income taxes for 2006, making false statements to get HUD funds, and evading almost $200,000 in personal income taxes from 2005 through 2008, by hiding over $600,000 in income - $150,000 stolen and embezzled from his former employer, NJS Metropolitan Architectural Woodworking Inc., in Union, NJ.
While working at NJS, Logiudice lead another NJS employee to create fraudulent, certified weekly payroll reports for five employees who never worked on the a HUD project, and then submitted them to City of Orange, NJ officials to obtain $53,000 in community redevelopment funds from HUD.
The charges to which Logiudice pleaded guilty each carry a maximum potential penalty of five years in prison and a $250,000 fine. In addition, Logiudice has agreed to pay restitution including at least $150,000 to NJS Metropolitan Architectural Woodworking Inc. Sentencing is scheduled for October 17.
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