21 months in prison for man who hid over $1.5M from IRS

A West Windsor man will spend nearly two years in a federal prison for using shell companies to hide over $1.5 million, a scheme which led to over $237,000 in lost taxes for the Internal Revenue Service.

Albert Chang, 71, of Princeton Junction, who previously pleaded guilty to two counts of tax evasion, was sentenced Tuesday in federal court in Newark, the New Jersey U.S. Attorney's Office announced.

His business partner, as well as partner in crime, Michael Q. Fu, of Cranbury, was sent to prison early last year for 37 months.

For over 20 years, the duo owned United Products and Instruments Inc. (UNICO) in Dayton, South Brunswick, which the feds say primarily engaged in the sale and export of microscopes and centrifuges for medical purposes.

Read more: http://www.nj.com/mercer/index.ssf/2018/05/21_months_in_prison_for_man_who_hid_over_15m_from.html