A former Atlantic City councilman was sentenced to six months in prison for his part in a conspiracy to defraud the IRS of nearly $120,000.
John Schultz, 74, also must serve six month of home confinement upon his release. Parole supervision will continue for an additional six months after that.
He previously admitted in federal court that as part of Royal Rolling Chairs Inc. that he and the two others hid gross cash receipts and did not report revenue to the IRS.
The unreported money was tracked through a second set of books, according to the admission. It totaled $119,880 in income taxes over three years.
After Schultz was charged last year, his attorney said he got involved with the business venture a few years ago, and they "were not as careful as they should have been" when it came to keeping the books.
Schultz, William Boland, and an unnamed conspirator were partners in the Atlantic City-based rolling chair company.
Schultz must pay $31,110 in restitution and a $3,000 fine.
Boland previously pleaded guilty to the same conspiracy charge and is scheduled to be sentenced by Judge Rodriguez on May 4.
Abdus Mian, the bookkeeper for Royal Rolling Chairs, pleaded guilty to making false statements to federal investigators and was sentenced to a year of probation last year.
