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George Gilmore. Photo by Kevin Sanders for the New Jersey Globe.

Gilmore indicted on tax evasion charges

Ocean GOP chairman to be arraigned at a later date

By NJGlobe, January 10 2019 5:15 pm

Ocean County GOP Chairman George Gilmore, the head of the most powerful Republican organization in the state and a close ally of former Gov, Chris Christie, was indicted today by a federal grand jury on tax evasion charges.

The indictment alleges that Gilmore evaded paying more than $1 million in taxes and charged him in a six count indictment of filing false tax returns, failing to pay payroll taxes, and making false statements on an application for a bank loan.

The Justice Department claims that Gilmore concealed information from the Internal Revenue Service.

“From January 2014 to December 2016, Gilmore used the bank account of his law firm, Gilmore & Monahan, to pay more than $2 million worth of personal expenses, “including obtaining checks to cash and cash advances on a corporate credit card. Gilmore falsely classified payments as ‘shareholder loans’ instead of income to him,” the U.S. Attorney’s office said in a press release.

Gilmore lived a lavish lifestyle, the government alleges, including spending nearly $500,000 on antiques and art, more than $100,000 on family vacations in Colorado, and $80,000 on model trains.

The tax evasion count and the two counts of failing to collect, account for, and pay over payroll taxes each carry a maximum penalty of five years in prison, and a $250,000 fine, or twice the gross gain or loss from the offense. The two counts of filing a false tax return each carry a maximum penalty of three years in prison, and a $250,000 fine, or twice the gross gain or loss from the offense. The count alleging loan application fraud carries a maximum penalty of 30 years in prison and a $1 million fine.

Gilmore will be arraigned at a date to be determined.

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