Two New Jersey owners of a Philadelphia cheesesteak chain have been sentenced to 20 months in prison each for a 10-year conspiracy to defraud the IRS, according to the Justice Department on Thursday.
From 2006 to 2016, Nicholas Lucidonio and Anthony Lucidonio Sr., owners of Tony Luke’s, hid more than $8 million in cash receipts from the IRS by depositing only a portion of their revenue into business bank accounts, prosecutors say.
The pair also committed employment tax fraud by paying employees part of their wages “off the books” without withholding federal income tax, Social Security, and Medicare taxes ...
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