CAMDEN, NJ – U.S. Attorney Philip R. Sellinger announced that Peter J. Byron, the 67-year-old mayor of Wildwood, New Jersey, today admitted to aiding and assisting in preparing and presenting false and fraudulent tax returns.
Byron pleaded guilty to two counts of willfully aiding and assisting in the preparation and presentation of fraudulent tax returns to the IRS for calendar years 2017 and 2018.
From October 2017 through September 2018, Byron received $40,425 in payments from a company but failed to report this income on his tax returns for 2017 and 2018, resulting in a tax loss to the IRS.
The tax charges each carry a maximum potential sentence of three years in prison and a maximum fine of $250,000 or twice the gross amount of any pecuniary gain that any persons derived from the offense, whichever is greater. Sentencing is scheduled for August 2, 2023.