PEORIA, Unwell. (WCIA) — Officers stated a former-Peoria businessman has been sentenced to 2 years in jail for submitting false enterprise tax returns.
In a information launch, officers stated U.S. District Decide Joe Billy McDade sentenced 69-year-old Yousef Abdallah on Tuesday.
“On July 1, 2019, Abdallah pleaded responsible to submitting a false company tax return for the 2014 tax 12 months,” stated officers. They continued to say that in keeping with courtroom paperwork, he listed his enterprise, Danville Wine & Spirits, Inc. (Danville Liquors), on the market on the web. He was asking for $425,000 “based mostly on touted gross sales of $1.56 million per 12 months.” Nevertheless, officers said he admitted that he didn’t report all of his gross sales on the earnings tax return.
“As a part of his plea, he agreed to pay restitution to the IRS for tax years 2013, 2014, and 2015, for which he had roughly $1 million in unreported product sales.”
Abdallah, who lives in Danville, was ordered to pay the IRS restitution of $176,196 and was fined $15,000.
“As we enter tax season, you will need to do not forget that submitting fraudulent tax returns is a criminal offense that might be prosecuted and it’s a crime that in the end causes all of us to pay greater taxes,” stated Appearing U.S. Lawyer Doug Quivey.
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