Owners of 3 New York area Dippin Donuts stores John and Helen Zourdos and their son Dimitrios were convicted of tax evasion and filing false tax returns.
From 2012 to 2017 the family hid more than 4.5 million dollars in cash sales from the IRS by depositing the money into personal bank accounts, making most purchases in cash and providing their accountants with false information.
The three lived a lavish lifestyle that included luxury cars, expensive watches, investment accounts and real estate. They also paid several of their employees in cash to avoid paying payroll taxes.
John Zourdos was sentenced to 30 months in prison, his wife Helen was sentenced to 20 months, and their son Dimitrios was sentenced to 10 months. They were also ordered to pay restitution to the IRS in the amount of $2,000,769.