RE: Bristol =Indictments For Payroll Fraud Indictments For Payroll Fraud
Philip N. Burgess Jr., a Princeton resident who owns Bristol Investmentswww.bristolinvestments.com), which has its headquarters at 100 Canal Pointe Boulevard, has been indicted for defrauding the government of more than $2 million in taxes. The indictment, brought by United States Attorney Christopher Christie, charges the entrepreneur and an employee, Stephen R. Parrish, with payroll fraud.
https://www.princetoninfo.com/index.php?option=com_us1more&Itemid=6&key=11-07-2007_f_02
It also charges Burgess, who claims that he is no longer employed by his companies, with diverting some $1 million from the Burgess companies to fund a lavish lifestyle for himself and for his family, and for not reporting this money on his personal income tax returns. According to published reports, Burgess is out on bail and his movements are being monitored by an electronic device.
Burgess’ family of companies operates in New Jersey, Georgia, Massachusetts, the Cayman Islands, and in other locations under a variety of names. Seventeen of them fall under the umbrella of Bristol Investments. They include MicroBilt Financial Services, FIDATA, Integra Information, MergTech, Health Center, SecureLock, Business Matters, Pupil Soft, Health Center, gig.com, and icompete.net.