West Hartford restaurateur sentenced to 18 months in prison for tax fraud scheme totaling more than $2 million
A
Chen was a part owner and operator of several restaurants, including Feng Asian Bistro in
Chen was responsible for the accounting and financial records at the restaurants, including the collection and withholding of employment taxes and signing the restaurants’ tax returns. Between 2013 and 2020, he failed to withhold, account for and pay federal income taxes, Federal Insurance Contributions Act taxes and federal unemployment taxes for multiple employees that were paid in cash, the
Chen’s role at the restaurants also involved purchasing and using the Point-of-Sale (POS) system for restaurant orders and training staff on the use of the system.
Court records show Chen paid to activate “zapper” software, which is designed to erase transactions from the system to make fraudulent sales records, according to the
During the same seven-year time frame, Chen and other employees deleted transactions to reduce the amount of sales tax collected and reported by the POS system, in turn lowering the restaurants’ taxable income that he disclosed to his accountant, who prepared income tax returns for him and his restaurants, according to court records.
Chen was also ordered to pay a
He is required to report to prison on
©2023 Hartford Courant. Visit courant.com. Distributed by Tribune Content Agency, LLC.
Woman accused of defrauding elderly Yakutat resident can't serve as Texas county treasurer
U.S. DOJ In Process Of Seizing Robinhood Shares Tied To Bankman-Fried
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News