Thursday, August 09, 2007

Restaurateurs in NYC Plead Guilty to Tax Evasion

According to the New York Times, two members of the Cipriani family, who own high quality restaurants in New York and Venice, pleaded guilty to tax evasion yesterday. The two agreed to pay $10 million in restitution and penalties to the resolve a tax fraud case they were facing. The two the men both face a potential prison sentence of at least one year. Sentencing is scheduled for October.

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