Owners of a Famous Philly Cheesesteak Restaurant Jailed After Being Exposed in $8 Million Tax Fraud Scheme

There’s nothing more Philly than a cheesesteak, but the owners of one popular shop are now famous for something other than the food.

Nicholas Lucidonio, 57, and Anthony Lucidonio Sr., 84, the owners of Tony Luke’s, a beloved cheesesteak chain in business since 1992, were each sentenced to 20 months in prison and three years of supervised release for a “decade-long conspiracy to defraud the IRS,” according to a government press release.

There are currently 17 restaurants operating under the Tony Luke’s brand and franchise name. The original is located at Front Street and Oregon Avenue in South Philadelphia.

Court documents say that the Lucidonios concealed more than

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Europe narrowly avoids a recession | CNN Business

London CNN  —  Europe’s economy narrowly avoided ending 2023 in a recession, according to official EU data released Tuesday....

Toyota remains world No.1 but its list of problems is growing | CNN Business

Hong Kong CNN  —  Toyota has retained its lead as the world’s biggest automaker by sales, beating German rival...

Brain chip implanted in human | CNN Business

Brain chip implanted in human Link Copied! ...