Former Atlantic City councilman sentenced to prison in tax-fraud scheme

CAMDEN — Former Atlantic City Councilman John Schultz was sentenced Monday to six months in prison for his role in a conspiracy to defraud the IRS of $119,800 in unpaid taxes.

Schultz, 74, cried and apologized to the court before being sentenced, saying he knew what he did was wrong.

"It's my own fault," he said. "I should have known better."

His lawyer, Ed Jacobs, asked the judge to give Schultz a term of probation, citing his record of charitable works in Atlantic City that included 30 years with the South Jersey AIDS Alliance and contributions to the Atlantic City African American Museum and the Atlantic City Police Foundation through his charity.

Judge Joseph Rodriguez, however, said that there was no reason Schultz had to commit this crime because his net worth is nearly $2 million and he lives in a penthouse that includes an indoor swimming pool, a home theater and two elevators.

Read more: http://www.pressofatlanticcity.com/news/former-a-c-councilman-sentenced-to-prison-in-tax-fraud/article_4e8b260e-9b9a-5afd-90eb-3e2bb8a991e2.html