N.J. business owner sentenced after stealing COVID money, failing to pay taxes for 20 years

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The owner paid himself salaries ranging from $140,000 to $170,000 a year, prosecutors said.

Jeff Goldman | NJ Advance Media for NJ.com

A South Jersey business owner who failed to file income taxes for 20 years and fraudulently obtained a COVID loan will spend the next 2 1/2 years in federal prison. John Degan, 69, of Philadelphia, will also be subject to three years of supervised release and have to pay a still-to-be determined amount in restitution, theThe former owner of Companion Services Group Inc., a building maintenance and restoration service company in Gloucester City, Degan admitted he hadn’t filed a tax return since 2003.

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