Owner of Succasunna scrap metal business admits filing false tax returns
NEWARK, NJ – The owner of a Succasunna scrap metal business allegedly admitted Thursday that he underreported his income on his personal tax returns, avoiding paying more than $175,000 in taxes, according to U.S. Attorney Craig Carpenito.
Anthony Curto Jr., 51, of Succasunna pleaded guilty in Newark federal court to information charging him with one count of making and subscribing a false tax return, Carpenito said.
According to documents filed in the case and statements made in court, Curto owned and operated Total Metal Transport, a business headquartered in Succasunna that purchased and transported scrap metal and other materials. Curto admitted that for tax years 2012 and 2013, he underreported and failed to report the gross receipts from Total Metal Transport, which he operated on a cash-only basis, on his personal tax return, avoiding more than $175,000 in taxes.
The count of making and subscribing a false tax return carries a maximum potential penalty of three years in prison and a $250,000 fine, or twice the gross gain or loss from the offense, Carpenito said.
Curto is scheduled to be sentenced on March 24, 2020.