5-year term for tax fraud
MOUNT HOLLY A former Willingboro resident on Friday was sentenced to five years in state prison for filing fraudulent New Jersey income tax returns, pocketing $545,000, the Burlington County Prosecutor's Office said.
Kenneth Costello, 50, diverted the money from the four fraudulent returns he filed for the 2008 tax year to several banks. He also purchased a $40,000 vehicle and used some money for living expenses, the prosecutor's office said. Nearly $300,000 has been recovered.
Costello, who also lived in Barnegat Township, pleaded guilty in September to money laundering. The investigation started when Costello complained to a Willingboro bank where he deposited the returns that someone had withdrawn money without permission.
Lisa Jarvis, a teller at the bank, admitted to creating a debit card for Costello's account in November 2009 and stealing nearly $100,000 over two years. She pleaded guilty to computer theft and related charges in October 2012 and was sentenced to three years in prison.
- Darran Simon