Oneida County relatives members who ran doughnut and coffee outlets in the Mohawk Valley will provide time for tax evasion and using unreported earnings to fund a lavish way of life, federal prosecutors explained Wednesday.
In November, John Zourdos, 69, his wife, Helen Zourdos, 65, and their son, Dimitrios Zourdos, 39, ended up just about every convicted by a federal jury of conspiracy to defraud the United States, tax evasion, and assisting to file false corporate tax returns.
District Courtroom Decide David N. Hurd sentenced John Zourdos to 30 months’ imprisonment Helen Zourdos to 20 months’ imprisonment and Dimitrios Zourdos to 10 months’ imprisonment, in accordance to the U.S. Justice Office. Hurd also ordered them to fork out just in excess of $2 million in restitution to the United States and to provide a few a long time of supervised launch after they finish their phrases of incarceration.
According to proof introduced at trial and other court documents, the Zourdos operated 3 Dippin Donuts outlets in Rome and New Hartford. From 2012 to 2017, they hid from the IRS about $4.5 million in cash gross sales. They also evaded much more than $2 million in unique and company taxes, by, among the other things, depositing funds directly into their private bank accounts in its place of into organization financial institution accounts, furnishing incomplete facts to their accountants, triggering their accountants to file wrong unique and company tax returns with the IRS, and funding own expenditures right with undeposited and unreported dollars, authorities reported.
They made use of unreported earnings to get luxury autos, expensive watches, expense accounts and actual estate. They also paid some of their staff members “off the books” money wages to prevent federal payroll taxes, prosecutors mentioned.
The scenario was investigated by the IRS Felony Investigation Division and prosecuted by Assistant Main John N. Kane of the Justice Department’s Tax Division and Assistant U.S. Legal professional Michael F. Perry.
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