Louis V. Greco III, Tax Evasion, New Jersey 2018

⏱ 2 min read

Louis V. Greco III, the 38-year-old owner of New Jersey-based emergency medical services company NJ Mobile Health Care LLC, has pleaded guilty to willfully evading taxes in a scheme that spanned four years and involved multiple companies. Greco, of Highland Mills, NY, admitted to causing his companies to fail to pay over $1.4 million in payroll taxes, as well as over $400,000 in Trust Fund Recovery Penalties, to the IRS from 2018 to 2022. The tax evasion occurred in New Jersey, where Greco’s companies operated out of Mahwah.

According to court documents, Greco’s scheme involved shifting employees between multiple companies, including NJMHC, SSME Services LLC, and Lime Line Operations LLC, in an effort to avoid paying the outstanding payroll taxes. After the IRS began efforts to collect the taxes, Greco would open a new company and move the employees to the new company’s payroll, causing the new company to also fail to pay the taxes.

The investigation, led by special agents of IRS-Criminal Investigation, resulted in Greco’s guilty plea, which carries a maximum potential penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for August 5, 2026. U.S. Attorney Robert Frazer credited the IRS-Criminal Investigation for their work on the case.

The government is represented by Assistant U.S. Attorney Peter A. Laserna, Deputy Chief of the Bank Integrity, Money Laundering and section. Greco’s guilty plea marks a significant victory for the government in its efforts to crack down on tax evasion and ensure that individuals and companies comply with tax laws.

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