- Associated Press - Sunday, June 15, 2014

NEWARK, N.J. (AP) - Federal prosecutors in New Jersey say a New York man has been sentenced to 18 months in prison for filing false income tax returns.

Richard Jackowitz of Warwick also must pay $319,940 in restitution to the government and serve a year of supervised release once he’s freed from prison. The 61-year-old Jackowitz had pleaded guilty to two counts of filing false tax returns and was sentenced Thursday.

Jackowitz owned and operated Branded Marketing, a Haskell, New Jersey company that sold debit cards.

For the 2007 and 2008 tax years, prosecutors say Jackowitz unreported income from his company of $105,512 and $359, 677, respectively. Jackowitz’s false tax returns caused a loss to the IRS of more than $300,000.

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