- Associated Press - Tuesday, October 21, 2014

NEWARK, N.J. (AP) - The former head of a New Jersey firm that provided pharmacy dispensing services has been indicted on charges of filing false federal income tax returns.

Federal prosecutors said Tuesday that 67-year-old Gary Sekulski, of Flanders, was expected to turn himself in, though an arraignment date has not yet been scheduled. He faces up to nine years in prison if convicted on all counts.

Sekulski was the chief executive officer and president of Healthcare Corporation of America, which controlled a pharmacy dispensing service to public and nonprofit entities and served as a holding corporation for a number of wholly owned subsidiaries.

Sekulski is accused of filing of false returns for the tax years 2007, 2008 and 2009. Prosecutors say he understated the amount of income he received from the company and other sources.

During that time, prosecutors say Sekulski sold shares of company stock, received settlement payments and paid company money into his personal bank account without reporting any of the resulting income.

In all, prosecuotrs say Sekulski failed to report about $353,000 in taxable income.

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