New Canaan’s Vishal Dhar has pleaded guilty to evading $272,390.07 in taxes over a decade, officials announced.
The 55-year-old restaurant magnate and businessman was caught using various entities to hide income from the Internal Revenue Service, including Grey Brown, Inc., West Partners, Inc., and NY Cloud Kitchens, LLC. Dhar failed to disclose significant earnings and gifts from family members, instead funneling funds into personal expenses and business ventures.
In court documents, it was revealed that Dhar used financial accounts under different names to evade taxes. He also paid personal expenses with corporate funds and omitted assets on IRS forms. During the COVID-19 pandemic, Dhar failed to disclose a $254,203.01 Employee Retention Credit check meant for his business.
The plea deal mandates full restitution. Sentencing is set for August 15, where Dhar faces a maximum of five years in prison.
U.S. Attorney Vanessa Roberts Avery and IRS Special Agent Harry T. Chavis Jr. lead the investigation, with Assistant U.S. Attorney David T. Huang handling the prosecution.
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Key Facts
- State: Connecticut
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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