Gary Beshara, co-owner and operator of the Marlboro, N.J. club, was sentenced to one year and one day in federal prison after admitting that receipts were diverted from the club for personal expenses over a three-year period, leading to a failure to report nearly $3.8 million in income and a loss to the government of over $864,000 in taxes. Beshara was also fined $5,000 and ordered to stay under court supervision for three years upon his release from prison.
The co-owner and operator of Bella Vista Country Club in Marlboro, N.J. was sentenced on September 7th to one year and one day in federal prison for evading taxes on about $3.8 million in income, the Asbury Park (N.J.) Press reported.
U.S. District Judge Michael A. Shipp imposed the prison term on Gary Beshara, 66, of Staten Island, N.Y., the Press reported, according to a news release issued by Special Agent Robert Glantz, spokesman for the Criminal Investigation Newark (N.J.) Field Office of the Internal Revenue Service.
Shipp also fined Beshara $5,000 and ordered that he remain under court supervision for three years upon his release from prison, the news release said.
Beshara pleaded guilty to personal income tax evasion on June 2nd (http://clubandresortbusiness.com/2017/06/new-jersey-club-owner-pleads-guilty-tax-evasion/),
According to court documents and statements made in court, the Press reported, Beshara caused a substantial portion of the gross receipts of Bella Vista CC’s business to be diverted to a bank account, from which he used funds to pay for personal expenses for himself and his family and to pay down a personal line of credit.
Behsara admitted that as a result of diverting receipts for Bella Vista from 2011 through 2014, he failed to report $3,830,006 in personal income. As a result, the government lost approximately $864,866 in taxes, according to the IRS’ news release.
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