Posted on 01/25/2024 5:59:15 PM PST by 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. ..
(Excerpt) Read more at thehill.com ...
*ICE
I assumed article would mention Hunter, until I clicked and saw it was The Shill article.
Hunter skated on 2014 and 2015 tax cases because the statute of limitations lapsed. These guys get nabbed going back to 2006. Riiiight.
These guys need to be punished. So does someone else.
EC
Picking nits, but that is not pulled pork. At best it's shaved deli pork. It may still be the best, I wouldn't know.
Yes, add Italian Long Hot Peppers to the sandwich, you then have a Winner! When I traveled north to deer hunt in Pennsylvania, Tony Lukes was on the itinerary, before heading back to Florida. My mouth is watering, thinking about the pork or a cheese steak with the long hots.
Yummy.
They don't serve shaved deli pork in those actual sandwiches. They roast the pig and then cut it up, slice it with knives and also pull and pick it. If they were to put it through a deli slicer it woud press the juices out of the meat, and trust me, the juices are still in their Italian pork sandwiches. When I worked in advertising, we "neatened" up all the products before photos were taken in a way you would never see in real life. I imagine that's what happened here.
I just hope Tony Luke's stays open. It's only a couple of blocks off the superhighway I-95, so even people headed to or from New York or Baltimore-DC can stop in easily.
Yo!
My favorite was John’s Roast Pork. Oddly the neighborhood Steak Shop did not do Roast Pork Sandwiches...to their credit, they stayed with their strength.
Great...now I’m hungry!
I sympathize. I’ve been sitting here thinking, “It’s only a 2-hour drive up there...”
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