Matthew Tucci, a resident of West Long Branch, New Jersey, has pleaded guilty to tax evasion charges. According to court documents, Tucci filed tax returns for the years 2015 and 2016 stating he owed more than $2 million in taxes for both years.
However, instead of paying the full amount, Tucci purchased real estate and engaged in a series of transactions designed to conceal his interest in those properties. In 2017, the IRS sent notices to Tucci stating he owed taxes, interest, and penalties for 2015 and 2016.
Following these notices, Tucci transferred multiple properties to an entity owned by another individual, but he continued to exert control over at least two of them. One of the properties he continued to control was sold, and the other was refinanced. Tucci used the proceeds from these transactions to pay his personal expenses rather than his tax debts.
Tucci submitted documents to the IRS in 2019 falsely claiming he had no connection to the entity that owned the 12 properties. He is scheduled to be sentenced on October 9, 2025.
Tucci faces a maximum penalty of five years in prison, a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Acting Deputy Assistant Attorney Karen E. Kelly of the Tax Division and Acting U.S. Attorney Alina Habba for the District of New Jersey made the announcement. IRS Criminal Investigation and the FBI are investigating the case.
Trial Attorney Catriona Coppler of the Tax Division and Assistant U.S. Attorney Matthew Belgiovine for the District of New Jersey are prosecuting the case.
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Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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