Olger Fallas, Tax Evasion, New Jersey 2023

A Union County, New Jersey, man has been sentenced to 30 months in prison for his role in a $1.6 million tax evasion scheme.

Olger Fallas, 50, of Union, the owner and operator of Olger Fallas Painting (OFP) and Olger Fallas Properties (OFPROP), was sentenced to 30 months in prison by U.S. District Judge Claire C. Cecchi.

According to documents filed in the case, Fallas admitted to evading taxes between 2013 and 2017 by using a check cashing business to cash customer payments that were not reported to the IRS. He also deposited hundreds of thousands of dollars in customer payments into bank accounts not associated with his companies.

Fallas admitted to evading paying approximately $1.7 million in personal and corporate income taxes during the scheme. In addition to the prison term, Judge Cecchi sentenced Fallas to three years of supervised release and ordered him to pay $1.68 million in restitution.

Acting U.S. Attorney Rachael A. Honig credited agents of IRS – Criminal Investigation, under the direction of Special Agent in Charge Michael Montanez, with the investigation leading to today’s sentencing.

The government is represented by Assistant U.S. Attorney Jamel Semper, Chief of the Organized Crime and Gangs Unit in Newark.

The case was investigated by IRS – Criminal Investigation.

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