NY Man Sentenced to Prison for $1.6M Tax Fraud Tied to NJ Car Dealerships

• A NY man embezzled over $1.6M from high-end car dealerships in New Jersey

An employee at high-end car dealerships in New Jersey is headed to prison for tax fraud.

Jooyeong Lee of Westbury, NY, previously pleaded guilty in Newark federal court to a charge of filing a false federal income tax return. Earlier this week, he was sentenced to 18 months in prison.

According to federal authorities, from approximately 2015 through 2021, Lee embezzled over $1.6 million from various high-end car dealerships in New Jersey where he worked. When he filed his tax returns, he failed to report or pay tax on the funds as income.

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Over seven years, Lee caused a tax loss of $494,082.

Senior Counsel Philip Lamparello thanked special agents of the Internal Revenue Service for their work in this case. The government is represented by Assistant U.S. Attorney Casey S. Smith of the Criminal Division in Newark.

Chris Coleman, a South Jersey native, is the brand manager for WPG Talk Radio 95.5 FM and afternoon on-air personality on WPUR Cat Country 107.3 in Atlantic City, NJ. He joined the station in February 1998 and covers news, events, and stories of interest across Southern New Jersey for Townsquare Media. Story tips: chris.coleman@townsquaremedia.com