A former Salem County resident has admitted to filing false tax returns, resulting in a tax loss of approximately $590,000. This was announced by U.S. Attorney Alina Habba.
Michael DiPaolo, Jr., 47, now residing in Newtown Square, Pennsylvania, pleaded guilty to the charge before U.S. District Judge Edward S. Kiel. DiPaolo has admitted to one count of filing a false income tax return.
Court documents reveal that from 2018 to 2022, DiPaolo, while managing a restaurant in Salem County, New Jersey, did not report over $1,700,000 in income. This omission allowed him to avoid roughly $590,000 in federal taxes.
Filing a false tax return carries a potential penalty of up to three years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense.
The sentencing is set for September 3, 2025. U.S. Attorney Habba praised the investigation by IRS-Criminal Investigation, led by Special Agent in Charge Jenifer L. Piovesan, which resulted in DiPaolo's guilty plea.
Assistant U.S. Attorney Daniel A. Friedman from the U.S. Attorney’s Office’s Criminal Division represents the government in this case.
Defense for DiPaolo is provided by Michael S. Adelman, Esq., based in Cherry Hill, New Jersey.
