Owners of iconic Philly cheesesteak shop sentenced to prison for tax fraud (What about Hunter ?)

The Hill ^ | Jan 25, 2024

[11th_VA]

Two owners of an iconic Philly cheesesteak shop were sentenced to prison for tax fraud Thursday.

Nicholas Lucidonio, 57, and Anthony Lucidonio Sr., 84, who owned and operated Tony Luke’s, a cheesesteak restaurant in South Philadelphia, have both been sentenced to 20 months in prison for “their decade-long conspiracy to defraud the IRS,” according to a press release from the Department of Justice (DOJ).

The Lucidonios hid more than $8 million in cash receipts from the IRS from 2006 to 2016, according to the release. They did so by “among other things, depositing only a portion of the cash they received into Tony Luke’s business bank accounts and providing incomplete information to their accountant,” which resulted in their accountant filing “false tax returns that substantially underreported business receipts and income.”

“The Lucidonios also committed employment tax fraud by paying employees ‘off the books’ in cash,” the release read. “To evade detection, they paid most employees a portion of their wages ‘on the books.’” “The Lucidonios then paid the remainder of their wages in cash without withholding federal income tax, Social Security and Medicare taxes or paying those to the IRS,” the release continued. “They did not report these cash wages to their accountant, which caused the accountant to prepare and file false quarterly employment tax returns with the IRS.”

As a dispute between the Lucidonios and somebody else began, they became worried about their tax fraud scheme coming to light, per the release. Because of their fears, they “directed that the prior year’s tax returns be amended to increase reported sales.”

The Lucidonios were also both ordered to serve three years of supervised release, according to the release. Their scheme caused a loss of more than $1.3 million to the U.S. ..

[11th_VA]

Jail for 1.3 million tax fraud - how much did Hunter steal ?

[Responsibility2nd]

Al Sharpton defaulted on 4.5 million in delinquent taxes. He didn’t go to jail.

But then again, he’s a member of a protected class.

[Chode]

#WheresHuntersMugshot

[Ragnar54]

Silly Rabbit! Income from bribes from foreign governments for the Big Guy isn’t taxable!

[Dahoser]

Dayum! Tony Luke has the greatest sandwich—roast pork, broccoli rabe, sharp provolone. I think it has an actual name, but I always ordered it like that. Now I'm jonesing for one.

[lightman]

The IRS brought down Al Capone.

[Jyotishi]

“how much did Hunter steal ?”

Does it matter?

[Ronald77]

And others protected from prosecution,?

[kiryandil]

It’s all in the name, and in the party you support.

[EEGator]

Right on Oregon and Swanson. under I-95

I think it’s just a Roast Pork Italian.

[End Times Sentinel]

Tony and Nick were definitely dodging the taxes most of us have to pay.
Fellas did have a lot of tragedy in their lives. I wouldn’t trade lives with those two cats for all the money in the world.

[Liz]

Tony Luke's roast pork Italian.

Roast pork, broccoli rabe, sharp provolone.

[SaveFerris]

(hid more than $8 million in cash receipts from the IRS from 2006 to 2016)

Oops 😬

That’s a lot of cash 💵💵💵💵💵💵.

[shanover]

When I was younger, I worked for a employer who did the on the book/off the book thing in Conshohocken. The off the book cash was gone by the end of the weekend.

[BitWielder1]

Hunter has "protection", "connections" and unlimited defense funds.
And daddy can pardon him, so he better get the trials over with before Trump takes office.

[Albion Wilde]

Tony Luke's. Best pulled pork with broccoli rabe in the City—no, the world.

[Albion Wilde]

As a dispute between the Lucidonios and somebody else began, they became worried about their tax fraud scheme coming to light, per the release. Because of their fears, they “directed that the prior year’s tax returns be amended to increase reported sales.”

Their accountant (probably a relative) may have gotten really steamed about participating in this set-up. Or, a disgruntled former employee tried to shake them down over it. Or, they might have been blackmailed by the mob. Or, a woman....

[Albion Wilde]

Tony Luke has the greatest sandwich—roast pork, broccoli rabe, sharp provolone. I think it has an actual name, but I always ordered it like that. Now I'm jonesing for one.

It's called the Roast Pork Italian.

[Allegra]

The government doesn’t like competition.

[MinorityRepublican]

Or, a disgruntled former employee tried to shake them down over it.

The best way to do this is with the illegals. They're off the books. They can't blackmail you. You can threaten to call IRS on them.

American employees, it's better just to pay them honestly.