Acting U.S. Attorney Louis D. Lappen announced Thursday a Philadelphia restaurateur pleaded guilty of conspiring to defraud the Internal Revenue Service.
Forty-nine-year-old Guiseppe “Pino” DiMeo of Eagleville, Pennsylvania admitted to conspiring with his business partners at Delaware, Philadelphia and Delaware to defraud the IRS of payroll and income taxes, according to court documents.
DiMeo failed to report cash income to the IRS and skimmed cash from his restaurants. He also paid some of his workers in cash and did not inform the IRS or his accountant about his business’ cash payroll. The federal government determined that DiMeo failed to report about two $2 million in income to the IRS.
One of DiMeo’s restaurants, DiMeo’s Pizza, in Lafayette Hill, Pennsylvania is now closed.
DiMeo faces a maximum 37-year prison sentence and a $2.75 million fine.