Owner of Chicago area restaurant franchises sentenced to more than a year in prison for underreporting $2 5 million in taxes
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Tax Fraud Blotter: Fallen angels
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CHICAGO The owner of five Chicago-area Pepe s Mexican Restaurant franchises pleaded guilty in federal court today to filing false corporate tax returns that underreported approximately $2.5 million in gross receipts and sales.
Juan C. Hurtado of Joliet, pleaded guilty to one count of making a false statement in a tax return. The conviction is punishable by up to three years in federal prison. U.S. District John F. Kness set sentencing for June 7, 2021, at 2:30 p.m.
Hurtado owned Pepe s franchises in Chicago, Tinley Park, Hickory Hills, Matteson, and Chicago Heights. Hurtado admitted in a plea agreement that from 2016 to 2018 he caused the filing of eleven materially false corporate tax returns with the IRS, as well as materially false sales and income tax returns with the State of Illinois, that underreported the gross receipts and sales of his restaurants by a combined total of approximately $2.5 million. Hurtado further admitted that he created false sales reports and gave them