Indicted in 2015, Nicholas Koudanis, of Beverly, MA was sentenced this year for his conviction on one count of conspiracy to defraud the United States by obstructing the IRS and 10 counts of filing false tax returns. His wife, Eleni Koudanis, was also charged with five counts of filing false tax returns and his son, Steven Koudanis to one count of endeavoring to obstruct and impede an audit.
The family pled guilty to all charges. From 2008 to 2013, it was found that they underreported their income by as much as $6 million during that period. Nicholas Koudanis skimmed more than $1million in cash receipts each year and did not report that income on either corporate or personal tax returns.
Son Steven Koudanis created false cash register receipts that were used during an IRS audit.
Nicholas Koudanis was sentenced to two years in prison, two years of supervised release and ordered to pay restitution of $2,042,366 to the IRS. Eleni Koudanis was sentenced to one year of probation and ordered to pay restitution in the same amount as her husband. Son Steven was sentenced to one year probation to be served in home confinement and to pay restitution in the amount of $151,240.