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Thread: Pennsylvania trucking company owner

  1. #1
    Retired !

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    Default Pennsylvania trucking company owner

    Who says trucking isn't profitable ? Only those stealing from the employees and drivers I suspect.

    Trucking company owner spent $730K in payroll taxes on vacations and gambling, say feds
    A Pennsylvania trucking company owner is facing federal fraud and tax evasion charges after he reportedly deducted taxes from his employee’s paychecks and spent the money on himself.
    Fifty-year old trucking company owner Michael Gerstenberg is facing charges of fraud and failure to turn over tax payments in a U.S. District Court, according to court documents released on Friday, March 29.
    Gerstenberg, who owns the Allentown, Pennsylvania-based trucking company A.E. Logistics is accused of withholding federal income tax, Medicare tax, and social security taxes from his employee’s paychecks but never sending that money to the Internal Revenue Service (IRS), according to the Morning Call.
    Instead, federal prosecutors say that Gerstenberg spent the $732,291 in payroll taxes that he diverted from the IRS between 2010 and 2015 on “extravagant personal expenses.” These expenses include “a Caribbean vacation and other travel, gambling, jewelry, fine dining, country club dues, nightclubs and entertainment.”
    https://cdllife.com/2019/trucking-co...ling-say-feds/
    ABFwife and 222lifer like this.

  2. #2
    Taking A Stand!!!

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    Default Re: Pennsylvania trucking company owner

    So in my thinking, wouldn't this have come up when these people had to file their taxes? No matter what a W2 says, if the IRS wasn't actually receiving taxes from this company and the employees through the year it seems when these guys filed tax returns something would have immediately become obvious with the IRS.

    And what happens now to the employees who have not actually paid taxes for five years, all that money never went to the social security administration and son on?
    Last edited by ABFwife; 04-07-2019 at 09:11 AM.

 

 

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