Brielle Man Imprisoned for Evading Taxes On Trinidad Casino Income

A Brielle man who was the owner of several New Jersey businesses was sentenced Monday to 46 months in prison for evading taxes on income from his ownership of a casino in Trinidad, U.S. Attorney Paul J. Fishman announced.

The crime cost cost the United States approximately $1.3 million in tax losses, Fishman announced.

David Migliore, 51, previously pleaded guilty before U.S. District Judge Mary L. Cooper to one count of an indictment charging him with evading taxes with respect to his 2011 personal tax return.

Cooper imposed the sentence today in Trenton federal court.

According to the documents filed in this case and statements made in court: 

Migliore owns Brielle Investment LLC, Brielle Investments & Management Co. LLC and La Soufriere Maritime Inc. – all headquartered in New Jersey – as well as Island Club Casino in Trinidad.

From 2009 to 2011, Migliore earned millions of dollars from Island Club Casino, resulting in $1,286,657 in taxes due. During that time, Migliore took steps to conceal his income and assets from the IRS.

At his guilty plea proceeding, Migliore admitted to using unreported bank accounts in Trinidad to deposit personal income, using U.S. bank accounts in the names of his New Jersey business entities to receive income from Island Club Casino and to using those business entities to pay for personal expenses.

Migliore also admitted to transferring income from Island Club Casino directly to vendors in the U.S. for personal expenses and directing Island Club Casino employees to send his income through Western Union to individuals in New Jersey who collected the cash on his behalf.

In addition to the prison term, Judge Cooper sentenced Migliore to serve three years of supervised release. As part of his guilty plea and sentence, Migliore also has paid restitution of $1,286,657 to the IRS.