Richard Bhoolai, a 65-year-old resident of Cincinnati, Ohio, stands convicted of a serious crime: employment tax evasion. The charges stem from Bhoolai’s failure to pay taxes he withheld from employees’ wages at three restaurants he owned and operated, Richie’s Fast Food Restaurants Inc.
According to evidence presented at trial, Bhoolai was responsible for withholding Social Security, Medicare, and income taxes from employees’ wages and paying those funds over to the IRS. However, instead of fulfilling this obligation, Bhoolai used the money for his personal benefit, including gambling.
The jury found Bhoolai guilty of eight counts of failing to pay over taxes for four quarters in 2017 and four quarters in 2018. This egregious offense carries a maximum penalty of five years in prison for each failure to pay taxes count.
The case was investigated by the IRS Criminal Investigation and prosecuted by Trial Attorney Alexandra K. Fleszar of the Justice Department’s Tax Division and Assistant U.S. Attorney Ebunoluwa Taiwo for the Southern District of Ohio.
U.S. District Judge Douglas R. Cole for the Southern District of Ohio presided over the jury trial. The sentencing date for Bhoolai has not yet been set.
Bhoolai’s actions demonstrate a blatant disregard for the law and a callous disregard for the well-being of his employees. Employment tax evasion is a serious crime that can have far-reaching consequences for businesses and individuals alike.
The conviction of Richard Bhoolai serves as a reminder of the importance of adhering to tax laws and regulations. It is imperative that individuals and businesses alike take responsibility for their financial obligations and avoid engaging in illicit activities.
Related Federal Cases
- James Pavlounis, Social Security Administration Fraud and Tax Evasion, California 2023 · Texas
- Myron Schulman, Tax Evasion Scheme, New York NY, 2023 · New York
- Frederick C. Bryant, Mail Fraud and Tax Evasion, Bay Village OH, 2023 · Ohio
- Edward G. Kramer, Tax Evasion and False Filings, Cleveland OH, 2023 · Kentucky
- No Crime Found, Ohio, 2023 · Virginia
Key Facts
- State: Federal
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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