Jersey City Tax Preparer Stole $1M, Funding Gambling and Alimony

An update from federal authorities shows a Jersey City-based tax professional pleaded guilty to tax evasion after diverting more than a million dollars from a charitable foundation to himself and businesses he controlled. Sentencing is set for August.

The case shows how someone can misuse fiduciary responsibility to manipulate charitable funds and dodge tax reporting. Even in a familiar business community, these things happen.

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Guilty Plea Highlights a Jersey City Tax Case

This case, which has grabbed attention both in Jersey City and farther afield, involves Edward M. Lombard. He ran a New Jersey tax prep and accounting business and led a local charitable foundation from 2014 through 2017.

On March 4, Lombard pleaded guilty to one count of tax evasion. Prosecutors and the IRS say he diverted more than $1 million from the foundation’s bank accounts to himself and to companies he controlled.

Lombard used those funds for personal expenses—alimony, gambling, a business venture, mortgage payments, insurance, and credit card bills. He didn’t report the diverted money on his personal tax returns, leaving about $1,266,800 unreported.

The tax evasion charge carries a maximum penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for August 5 before U.S. District Judge Esther Salas.

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IRS Special Agent in Charge Jenifer Piovesan said Lombard abused his position of trust as an accountant and tax preparer. The IRS hasn’t publicly named the charitable foundation—its name just isn’t in the public record.

The case was first announced in an IRS release and picked up by Patch.

Case Facts at a Glance

Defendant: Edward M. Lombard, a Jersey City resident and local tax professional.
Charge: One count of tax evasion, with a maximum penalty of five years in prison and a $250,000 fine.
Timeline: 2014–2017, Lombard led a charitable foundation and diverted funds during this period.
Funds diverted: More than $1 million moved from the foundation to Lombard and controlled entities.
Uses of funds: Personal expenses including alimony, gambling, a business venture, mortgage and insurance payments, and credit card bills.
Tax impact: Underreported personal income by approximately $1,266,800.
Sentencing: Set for August 5 before Judge Esther Salas.

Impact on Local Oversight and Fiduciary Responsibility

The Lombard case brings up tough questions about oversight of local charities and the professionals who manage charitable assets in cities. As Jersey City’s network of nonprofits and financial services keeps growing, stories like this remind everyone—stakeholders, donors, professionals—that diligence is essential to make sure funds are used and reported as they should be.

The IRS’s focus on “abuse of position of trust” echoes in audits and compliance checks all over New Jersey and probably elsewhere, too.

Implications for Local Fundraising and Compliance

Nonprofit boards in Jersey City, along with their advisers, might see this as a nudge to strengthen internal controls and require dual signatures for big disbursements. Transparent reporting and independent review matter more than ever if you want to prevent misappropriation.

For residents, the outcome is a reminder: public trust in charities is crucial for supporting community programs and services.

Travel and Community Context: What This Means for Jersey City Visitors

Jersey City keeps welcoming visitors and new residents, so practical travel tips still matter for anyone planning a trip or a move. If you’re curious about how to get around and explore the area, there are plenty of resources out there.

Getting to Jersey City is pretty straightforward—PATH trains, ferries, and major roads all bring you in. Local lodging options make it easier to enjoy your stay.

Getting to Jersey City, and Where to Stay

If you’re visiting, Jersey City hotels give you a handy base close to transportation and those breezy waterfront parks. Wondering where to stay in Jersey City? You’ve got options—from stylish downtown lofts to family-friendly spots near Journal Square.

Jersey City sits right across from Manhattan. That means you can easily hop over to world-famous museums or just soak in those skyline views, but still get a vibe that’s totally its own.

Once you’re settled, most people end up wandering through the city’s different districts. Paulus Hook has that historic waterfront feel, while Downtown and Journal Square buzz with arts, food, and nightlife.

Looking for ideas? There’s plenty: Liberty State Park is a classic, and the riverfront is perfect for a stroll. You’ll also find cultural spots that show off how much the city’s grown and changed over time.

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Here is the source article for this story: Jersey City Tax Preparer Stole $1M From Charity, Funded Gambling And Alimony: Feds