Michael Logan, 44, of Jackson, made his initial appearance in federal court, Trenton, on March 25 after being indicted for making and subscribing to false corporate, partnership and personal federal income tax returns, U.S. Attorney Paul J. Fishman announced.
According to a press release, Logan is charged in a nine-count indictment, returned by a federal grand jury in Trenton onMarch 24, with making and subscribing to federal income tax returns that he did not believe to be true and correct as to every material matter.
Counts one through four relate to corporate returns for 2004 through 2007 that Logan filed for his restaurant, Michael’s Cucina Italia.
Count five relates to a partnership income tax return for 2007 that Logan filed in connection with his restaurant.
Counts six through nine relate to Logan’s personal tax returns for 2004 through 2007. Logan appeared before U.S. Magistrate Judge Lois H. Goodman and was released on a $100,000 unsecured appearance bond.
According to the indictment filed in Trenton federal court: Logan is the owner and operator of ITI Inc., doing business as Michael’s Cucina Italia, a restaurant in Manalapan. Logan maintained a ledger detailing all of his restaurant’s sales.
Logan, however, did not rely on this ledger when preparing his corporate, partnership or personal tax returns.
Instead, he relied on business bank account information, which did not reflect the true earnings of the business, as Logan did not deposit all of the restaurant’s earnings into the business bank account, authorities charged.
If convicted, Logan faces a maximum potential penalty of three years in prison and a $100,000 fine on each count of the indictment.