CAMDEN — A Margate man pleaded guilty Wednesday to income tax evasion after he admitted taking money from customers of his window treatment business and using it to gamble, officials said.
Barry Markman, 62, one of the owners of a retail company that sold and installed shutters, shades and blinds, told U.S District Court Judge Renee Marie Bumb he took customer’s checks and deposited them into his personal bank account, according to a news release from U.S. Attorney Craig Carpentino.
He later used the money to gamble, Carpentino said.
The name of the company was not included in the release. The company also sold shutters, shades and blinds to wholesale customers using other trade names, according to the release.
Markman is one of the owners of the Atlantic City Shade Shop on Tilton Road in Northfield, a call to the store Thursday morning confirmed.
From 2012 to 2016, Markman did not include the $618,002 he took directly from customers on his income tax returns, according to the release. He admitted he owed $170,704 in taxes from the money he embezzled.
Markman faces a maximum of five years in prison and a $250,000 fine. His sentencing is scheduled for Dec. 6.