New Jersey man betrays his own brothers and embezzles more than one million from their construction company
An Atlantic County man is the second New Jersey resident over the last week to be reported to not have paid taxes in some fashion and is being sentenced for it.
The sentence of a former co-owner of the Christopher Construction Company, LLC. was announced by the Atlantic County Prosecutor's Office as 67-year-old Pat L. Christopher of Hammonton who was charged with Second Degree Theft and Third Degree Tax Evasion.
To make matters worse out of the courts, his scheme betrayed his brothers as he was accused of stealing from Dennis and Robert Christopher, who also co-own the business.
Atlantic County Prosecutor's and their Financial Crimes Unit learned that Pat embezzled more than $1.1-million and also reported some of the transactions he made as business expenses which was a cover up for him using money to pay his credit card bills.
It added up over time, the Atlantic County Prosecutor's Office said he did this for about 10-years time and on the tax evasion front, he didn't report the additional compensation on his 1040 tax form for five years time.
His sentence is five years of probation and he is ordered to no contact with his brothers -- the victims -- for his fraudulent conduct and because he committed these actions, he also has to pay restitution to the company his brothers own "conditioned upon a stock buyback transaction handled civilly between the defendant and the victims."
Atlantic County Chief Assistant Prosecutor Erika Halayko represented the State in this matter.
Last week, a Matawan man pleaded guilty to not paying his taxes and misreporting his income for several years time.
He now faces three years in prison.