Holmdel man pleads guilty to tax evasion TRENTON - AHolmdel man pleaded guilty April 2 to one count of tax evasion for not reporting a total of approximately $740,585 in income for tax years 2003, 2004 and 2005. U.S. Attorney Christopher J. Christie announced thatMohamedAbdelrazek, 53, made his first appearance in federal court and pleaded guilty before U.S. District Judge Freda L. Wolfson to a one-count information. He was released on a $100,000 unsecured bond pending sentencing, which is scheduled for July 25. At his plea hearing, Abdelrazek stated that during tax years 2003, 2004 and 2005 he worked as a plumber in the Bronx, N.Y., and admitted that during those tax years he filed U.S. Individual Income Tax Returns that stated he had no taxable income and therefore owed no taxes in each of those years, according to a press release from the U.S. Attorney's Office. Abdelrazek admitted that in each of those years, he had substantial income that he concealed by cashing checks made out to his business at local cash checking businesses. Abdelrazek then structured deposits of the cash into his personal bank account to avoid detection by law enforcement, the press release stated. According to the Information,Abdelrazek failed to report income in the amounts of $229,500 in tax year 2003; $368,000 in tax year 2004; and $143,085 in tax year 2005.By concealing his income in those tax years,Abdelrazek admitted he avoided paying a total of approximately $185,000 in taxes, according to the U. S.Attorney's Office. As part of the plea agreement, Abdelrazek agreed to pay taxes due plus interest and penalties to the IRS. The charge of tax evasion carries a maximum penalty of five years in prison and a fine of $250,000, or twice the aggregate loss to the victims or gain to the defendant. In determining an actual sentence, the judge will consult the advisory U.S. Sentencing Guidelines, which provide appropriate sentencing ranges that take into account the severity and characteristics of the offense, the defendant's criminal history, if any, and other factors. The judge, however, is not bound by those guidelines in determining a sentence. Parole has been abolished in the federal system. Defendants who are given custodial terms must serve nearly all that time.