Settlement Reached with Matawan-Based Charity Accused of Abusing Tax-Exempt Status

The defendants allegedly claimed the Tri County Charity Center was raising money for cancer research but instead they were using their tax-exempt status to buy and export luxury vehicles, Office of Attorney General says.

A settlement agreement was reached with three defendants accused of fraudulently using a Matawan-based charity's tax exempt status to purchase luxury cars without paying sales tax, according to Attorney General Jeffrey Chiesa and the New Jersey Division of Consumer Affairs. "The defendants allegedly created an elaborate ruse, abusing the 501(c)(3) status of a purported charity in order to buy and export millions of dollars' worth of luxury vehicles," Attorney General Chiesa said in a press release.  Tri County Charity Center allegedly purchased a total of 71 luxury and other motor vehicles from 2009 through 2011, a total expenditure of more than $2.3 million. The organization then allegedly exported many of the vehicles to destinations …

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