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N.J. Couple Goes To Prison After Cheating IRS To Spend More Than $280,000 On QVC, HSN And Jewelry TV

By homeshoppingista

Some people are so addicted to home shopping networks that it’s a crime. Literally

We spotted a story about a Bridgewater, N.J., couple that was just sentenced to four years in prison for defrauding the IRS.

What did they do with the money? Well, they spent $280,000 on goods from QVC, HSN and Jewelry Television.

James and Theresa DeMuro last November were convicted of conspiracy to defraud the United States and willingly failing to pay over employment taxes. They owned and operated an engineering company called TAD Associates, which did business as DeMuro Associates.

From 2002 to 2008, the DeMuros withheld employment taxes from workers’ pay but did not fork over $546,000 in taxes due to the IRS. They also withheld money from their employee’s checks for health insurance and IRA accounts, but did not pay those funds into those things.

What they did do, we guess, is spend a quarter of a million dollars on the home shopping channels.

In addition to prison, the DeMuros have to make $1.3 million in restitution to the IRS.

There’s a lesson here somewhere. You figure it out.

But it’s another black eye for our Garden State, dang it.

http://homeshoppingista.wordpress.com/2011/03/25/n-j-couple-goes-to-prison-after-cheating-irs-to-spe...