The Brielle-based owner of a Trinidad gambling operation and several New Jersey businesses can expect to spend just shy of four years in prison for income tax evasion.

Sergiy Palamarchuk - ThinkStock
Sergiy Palamarchuk - ThinkStock
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David Migliore, 51, was sentenced to 46 months, plus three years of supervised release, in a Trenton federal court, according to information from the office of New Jersey U.S. Attorney Paul J. Fishman.

Migliore has paid $1,286,657 in restitution to the Internal Revenue Service, authorities said. He pleaded guilty to one count of an indictment based on his 2011 returns.

Migliore admitted earning millions from Island Club Casino, depositing personal income in unreported bank accounts in Trinidad, and funnelling casino profits through his New Jersey businesses while using them to pay personal expenses, prosecutors said.

Additionally, Migliore admitted ordering casino workers to wire his income to vendors in New Jersey who collected the cash for him, authorities said.

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