The owner of two car repair service shops in Freeport pleaded guilty to reporting far more than $ 8 million in taxable gross sales on March 26.
Attorney Normal Letita James and Tax Commissioner Michael Schmidt said Luis Crespo – of Freeport, operator of Broadway Towing and Broadway Auto & Towing, Inc. – had been evading taxes for much more than a ten years.
In addition to tax evasion, Crespo also pleaded guilty to a minor theft. He has agreed to repay the condition additional than $ 900,000 in refunds, fascination and penalties, of which he has already paid $ 160,000.
The Nassau District Courtroom also sentenced Crespo to a few decades parole.
“Present day beliefs should serve as a apparent reminder that we will in no way tolerate individuals who try to cheat our state out of its tax revenues owed, particularly as we carry on to face finances constraints,” said James Fraud. “
“Entrepreneurs who tilt the enjoying field for their personal gain not only violate the have faith in of their neighborhood, but also deprive it of crucial funding for general public plans and expert services,” additional Schmidt. “These are hundreds of thousands of pounds that would have assisted make the community superior, but as an alternative they were siphoned off for own causes.”
James Druker, Crespo’s protection attorney, reported his client admitted his guilt and agreed to pay out his liability.