Former Trinidad Casino Owner Charged With Tax Evasion in NJ

Earlier this month, David Migliore of Brielle was charged with three counts of tax evasion and three counts of willfully failing to file personal tax returns. This morning, the Monmouth County man surrendered to special agents of IRS-Criminal Investigation. He’s scheduled to make his initial federal court appearance this afternoon.

The indictment was unsealed today. According to the document, from 2009 to 2011, Migliore earned significant income from Island Club Casino, resulting in taxes due totaling more than $1 million. He’s accused of taking a series of steps to hide his income and assets from the IRS.

According to the indictment, Migliore allegedly:

• Used unreported bank accounts in Trinidad to deposit personal income.
• Used U.S. bank accounts in the names of his limited liability corporations and business entities to get personal income from Island Club casino in Trinidad.
• Used limited liability corporations and business entities to pay for personal expenses in New Jersey and elsewhere.
• Placed personal property in the names of limited liability corporations and business entities.
• Directed income from Island Club Casino in Trinidad to be transferred directly to vendors in the United States to pay for his personal expenses.
• Directed employees of Island Club Casino to send his income from the casino to individuals in New Jersey via Western Union for his benefit.
• Directed individuals to pick up cash, which was income attributed to him, from Western Union offices in New Jersey.

If he’s found guilty, Migliore could find himself doing serious prison time. Each tax evasion count comes with a maximum potential penalty of five years in prison and a $250,000 fine. Each count of failing to file tax returns is punishable by a maximum potential penalty of one year in prison and a $100,000 fine.