TRENTON, N.J. – A former resident of Old Tappan, New Jersey, was sentenced today to 15 months in prison for evading personal income taxes on more than $400,000 in income in 2013, Acting U.S. Attorney William E. Fitzpatrick announced.
William Dominick, 69, of Collier County, Florida, previously pleaded guilty before U.S. District Judge Anne E. Thompson to an information charging him with one count of tax evasion and one count of identity theft.
According to documents filed in this case and statements made in court: Dominick owned and operated Westwood Rare Coin out of his home in Old Tappan. He was required to include income earned by Westwood Rare Coin on his individual IRS 1040 form. During calendar year 2013, Dominick failed to report $400,000 in income earned by Westwood Rare Coin. He did this by using other people’s identities to open credit cards to purchase bulk quantities coins from the U.S. Mint in order to corner the market.
Acting U.S. Attorney Fitzpatrick credited special agents of the FBI, under the direction of special agent in charge Timothy Gallagher; special agents of IRS-Criminal Investigation, under the direction of Special Agent in Charge Jonathan D. Larsen; and inspectors of the U.S. Postal Inspection Service, under the direction of Acting Inspector in Charge Joseph W. Cronin, with the investigation leading to today’s sentencing.
The government is represented by Assistant U.S. Attorney Shana Chen of the Economic Crimes Unit in Newark.
In addition to the prison term, Judge Thompson sentenced Dominick to three years of supervised release and fined him $10,000. Under terms of his plea agreement, Dominick will file amended returns and make full restitution for years 2010 through 2014.
Related Federal Cases
- Gomidas Garabed Hartounian, Wire Fraud and Tax Evasion, NJ 2024 · Florida
- Alfred Teo, Tax Evasion Scheme, FL 2016-2018 · Florida
- Dominick James Izzo, Stolen Merchandise Transport, New Jersey 2024 · Washington
- Dominick James Izzo, Merchandise Theft, New Jersey 2023 · Florida
- Alin Carabus, ATM Skimming Scheme, New Jersey 2024 · Pennsylvania
Key Facts
- State: New Jersey
- Category: Tax Evasion|Identity Theft|White Collar Crime
- Source: DOJ Press Release â†â€â€
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