Former NYPD Officer Pleads Guilty To Falsifying Tax Records And Not Reporting Six-Figure Income
Former NYPD Officer Alfred Feratovic pleaded guilty in Manhattan federal court to tax fraud last week. The former NYPD officer fraudulently under-reported his income to the IRS between 2012 and 2017. Federal prosecutors say Feratovic was an officer for the NYPD at the time.
Federal authorities arrested Feratovic in June. He pleaded guilty today to aiding the preparation of fraudulent tax returns before United States District Judge Ronnie Abrams.
Manhattan U.S. Attorney Berman said:
Alfred Feratovic admitted today that while enforcing the laws as an NYPD officer, he was violating the law himself by falsifying his tax records and failing to report hundreds of thousands of dollars in income.
The former NYPD officer was employed as a police officer from 2012 through 2017. Feratovic also owned and operated residential rental properties from which he derived significant personal income. Feratovic owned and operated more than 10 rental properties in New York and Connecticut. The former NYPD officer reported income he received from those properties on his taxes.
However, Feratovic falsely reported the rental income to his tax return preparer and to the IRS. The former NYPD officer’s reported rental income from his properties was significantly below the true rental income. He also failed to report hundreds of thousands of dollars in rental income.
The former NYPD officer pleaded guilty to one count of aiding the preparation of fraudulent federal tax returns. Feratovic faces a maximum sentence of three years in prison.
Mr. Berman praised the outstanding investigative work of the Internal Revenue Service. He also thanked the New York City Police Department for their valuable assistance in the investigation.