NEWARK, NJ—The former chief executive officer of a New Jersey company that provided pharmacy dispensing services was indicted today by a federal grand jury for allegedly filing false tax returns, U.S. Attorney Paul J. Fishman announced.

Gary J. Sekulski, 67, of Flanders, New Jersey, was charged with the filing of false federal income tax returns for tax years 2007, 2008 and 2009. Sekulski is expected to surrender for an arraignment before a federal judge on a date to be determined. According to the indictment:

Sekulski was the CEO and President of Healthcare Corporation of America (HCA), a New Jersey company that controlled a pharmacy dispensing service to public and non-profit entities and served as a holding corporation for a number of wholly owned subsidiaries.

For tax years 2007, 2008, and 2009, Sekulski understated the amount of income that he received from HCA and other sources on his federal income tax returns. Sekulski then signed the returns under penalty of perjury and caused them to be filed with the IRS.

During that time, Sekulski sold shares of company stock, received settlement payments, and paid company money into his personal bank account without reporting any of the resulting income. In all, Sekulski failed to report approximately $353,000 in taxable income.

Each of the three tax counts carries a maximum potential penalty of three years in prison and a $250,000 fine together with the costs of prosecution.

U.S. Attorney Fishman credited special agents of IRS—Criminal Investigation, under the direction of Acting Special Agent in Charge Jonathan D. Larsen for the investigation, and thanked special agents of the FBI, under the direction of Special Agent in Charge Aaron T. Ford in Newark, for their valuable assistance.

The government is represented by Assistant U.S. Attorney Lee M. Cortes Jr., of the U.S. Attorney’s Office in Newark.