TOMS RIVER – A federal criminal indictment has dropped today against Ocean County GOP Chairman George R. Gilmore.
According to a statement released by the U.S. Attorney’s Office for the District of New Jersey, Gilmore has been indicted for evading taxes totaling $1 million as well as filing false income tax returns, failing to pay taxes and making false statements on a bank loan application.
“Despite admitting that he owed taxes for each of these years, Gilmore made no estimated tax payments and failed to pay the federal individual income taxes that he owed. Rather, between January 2014 and December 2016, Gilmore spent more than $2.5 million on personal expenses, including substantial home remodeling costs, vacations, and the acquisition of antiques, artwork, and collectibles,” the statement said. “By Dec. 31, 2016, based on the tax due and owing that Gilmore reported on the returns, he owed the IRS $1,520,329 in taxes, penalties, and interest. “
Gilmore could face jail time and a significant fine, according to the USAO statement:
“The tax evasion count and the two counts of failing to collect, account for, and pay over payroll taxes each carry a maximum penalty of five years in prison, and a $250,000 fine, or twice the gross gain or loss from the offense. The two counts of filing a false tax return each carry a maximum penalty of three years in prison, and a $250,000 fine, or twice the gross gain or loss from the offense. The count alleging loan application fraud carries a maximum penalty of 30 years in prison and a $1 million fine. Gilmore will be arraigned at a date to be determined.”