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Oneida County family members users who ran doughnut and espresso retailers in the Mohawk Valley will provide time for tax evasion and working with unreported income to fund a lavish way of living, federal prosecutors mentioned Wednesday.
In November, John Zourdos, 69, his spouse, Helen Zourdos, 65, and their son, Dimitrios Zourdos, 39, had been each and every convicted by a federal jury of conspiracy to defraud the United States, tax evasion, and assisting to file false company tax returns.
District Court Judge 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 Section. Hurd also requested them to shell out just above $2 million in restitution to the United States and to provide three decades of supervised release just after they full their conditions of incarceration.
According to evidence introduced at trial and other court documents, the Zourdos operated a few Dippin Donuts stores in Rome and New Hartford. From 2012 to 2017, they concealed from the IRS about $4.5 million in money income. They also evaded a lot more than $2 million in unique and company taxes, by, amid other matters, depositing dollars immediately into their own bank accounts instead of into enterprise bank accounts, supplying incomplete facts to their accountants, resulting in their accountants to file bogus personal and corporate tax returns with the IRS, and funding own expenses instantly with undeposited and unreported income, authorities explained.
They utilized unreported profits to buy luxury motor vehicles, pricey watches, financial commitment accounts and authentic estate. They also paid some of their workforce “off the books” dollars wages to stay clear of federal payroll taxes, prosecutors explained.
The circumstance 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. Lawyer Michael F. Perry.
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