NEWARK, N.J. (AP) - Federal prosecutors say a former executive with an independent wholesale food distributor in New Jersey and New York City is headed to prison for evading taxes on income he got from third parties.
John Annetta received a 20-month sentence on Wednesday. He also will have to serve two years of supervised release once he’s freed from prison.
The 61-year-old Marlboro Township resident was the former senior vice president of operations at White Rose Food, where he worked between 2006 and 2011.
During that time, Annetta was given $1,648,085 from two people he met in the course of his employment. He failed to report this money as taxable income, and admitted that he would have owed the government $536,530 in taxes if he had.
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