Florida resident from New Jersey convicted of tax evasion

BOCA RATON, Fla. – A 50-year-old millionaire from New Jersey who was once residing in Boca Raton, Florida, was once convicted of tax evasion, the U.S. Attorney’s Office introduced on Friday.

Jason Kronick was once 48 when he was once indicted in New Jersey for crimes associated with the 2008-11 tax years. Investigators alleged Kronick filed a remark with the IRS in 2011, claiming he had no source of revenue when he had earned over $2.8 million.

IRS-Criminal Investigation brokers reported Kronick spent about $1. 5 million from his trade accounts to shop for 40 “rare and expensive” Patek Philippe and Rolex watches from a jeweler in Florida and indexed the ones as trade bills.

The federal brokers additionally reported Kronick withdrew price range at casinos in Pennsylvania, New Jersey, and the Bahamas by way of changing on line casino chips again into money when he completed playing, and he extensively utilized check-cashing companies.

A jury convicted him of 3 counts of source of revenue tax evasion, and one rely of employment tax evasion. His sentencing is Nov. 14.