- Associated Press - Monday, June 16, 2014

TRENTON, N.J. (AP) - Federal prosecutors say a New Jersey man who evaded taxes on millions of dollars he made from a casino he owned in Trinidad is now headed to prison.

David Migliore of Brielle received a 46-month sentence Monday. He also will have to serve three years of supervised release once he’s freed from prison.

The 51-year-old Migliore had pleaded guilty last December to evading taxes with respect to his 2011 personal tax return. Prosecutors say Migliore has paid $1,286,657 to the IRS in restitution.

Migliore owned the Island Club Casino in Trinidad as well as several limited liability corporations in New Jersey. Prosecutors say he earned millions from the casino between 2009 and 2011, but took several steps to conceal his income and assets.

When he entered his guilty plea, Migliore admitted using unreported bank accounts in Trinidad to deposit personal income and using U.S. bank accounts in the names of his New Jersey business entities to receive income from the casino. He also used those business entities to pay for personal expenses.

Migliore also admitted to transferring income from the casino directly to vendors in the U.S. for personal expenses and directing casino employees to wire his income to individuals in New Jersey, who collected the cash on his behalf.

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