Former Hoboken tax collector gets year in prison for $914K tax evasion

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Feb 5, 2020 12:29 PM
A Hoboken accountant who worked as the city’s tax collector for 35 years was sentenced Tuesday to a year and one day in prison for tax evasion, federal authorities announced.Louis Picardo, 64, previously admitted that he failed to report $3.7 million in income he earned between 2012 and 2015 from his accounting practice and various rental properties he owned.Picardo served as Hoboken’s tax collector from 1973 to 2008, and entered the private sector upon his retirement from the city. He was a partner in Cannarozzi & Picardo LLC, a Hoboken-based accounting firm, and also managed both commercial ...
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