CAMDEN – A Margate man Sept. 4 admitted to evading payment of income taxes on money he embezzled from his business, U.S. Attorney Craig Carpentino announced in a release.
Barry Markman, 62, of Margate pleaded guilty before U.S. District Judge Renee Marie Bumb in Camden federal court to an information charging him with one count of evasion of income tax, Carpentino said.
According to documents filed in this case and statements made in court:
Markman was one of the owners of a Northfield company that sold and installed shutters, shades and blinds to retail customers. The company also sold shutters, shades and blinds to wholesale customers using various other trade names. Markman admitted that between 2012 and 2016, he took checks written by the company’s customers and deposited those funds into his personal bank account. He later used those funds to gamble.
For 2012 through 2016, Markman substantially under-reported his income by initially failing to include on his income tax returns $618,002 he received directly from the company’s customers. Markman admitted that he owed to the United States on this income he embezzled from the company an additional tax of $170,704.
The charge to which Markman pleaded guilty carries a maximum potential penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for Dec. 6.
Carpenito credited special agents of IRS Criminal Investigation, under the direction of Special Agent in Charge John R. Tafur, with the investigation leading to Markman’s guilty plea. The government is represented by Senior Trial Counsel Jason M. Richardson of the U.S. Attorney’s Office Criminal Division in Camden. Robert Williams Esq. of Haddonfield represented Markman.