In this gripping episode of True Collar Crime with Ken, we delve into the savory world of cheesesteaks and the unsavory dealings of tax fraud that landed the owners of the iconic Tony Luke’s restaurant behind bars. Nicholas Lucidonio, 57, and Anthony Lucidonio Sr., 84, have been handed 20-month prison sentences each, following a decade-long conspiracy to conceal over $8 million from the IRS. Join us as we unpack how these South Philadelphia cheesesteak moguls cooked their books from 2006 to 2016, skimming cash receipts and underreporting income, leading to a staggering loss of $1,321,042 to the United States.

But the plot thickens beyond hidden cash and false tax returns. Discover how employment tax fraud played a role in their scheme, as the Lucidonios paid their employees "off the books," evading federal income tax, Social Security, and Medicare contributions. The situation came to a head in 2015 when a dispute over franchising rights threatened to expose their fraudulent activities, prompting a desperate attempt to amend past tax returns.

Don't miss this episode, where we slice into the details of this case and the broader implications of such tax fraud schemes on society. Remember to like, subscribe, and hit the notification bell to stay updated on all things True Collar Crime with Ken. Your support helps us uncover more stories where the worlds of high steaks and high stakes collide.

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