Todd Costello, the director of Management Information Systems for Middletown, was named in a 14-count indictment charging him with underreporting his income.
FREEHOLD - A Middletown Township official was indicted by a Monmouth County grand jury on charges he underreported his income and failed to disclose income from outside his employment with the township, the Monmouth County Prosecutor's Office announce Wednesday night.
Todd Costello, the director of Management Information Systems for Middletown, was named in a 14-count indictment charging him with five counts of third-degree filing a false return, five counts of third-degree failure to pay taxes, and four counts of third-degree tampering with public records.
Each of the third-degree counts carries a potential sentence of three to five years in a New Jersey state prison, if convicted
The charges were the result of an investigation by the Monmouth County Prosecutor's Office, with assistance from the New Jersey Department of Treasury Office of Criminal Investigations, which revealed the 45-year-old Jackson Township resident underreported his income by more than $535,000 on his tax returns from 2010 to 2014.
In total, the investigation determined Costello failed to pay more than $22,000 in additional New Jersey state taxes on income received, the prosecutor's office said.
The case is assigned to Monmouth County Assistant Prosecutor William Somers. Costello is represented by Christopher Adams, of Holmdel.
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