Tuesday, May 8, 2012

Abbott Pizza owner in trouble with the law

"The only two certainties in life are death and taxes." Mark Twain

Julius Caesar came knocking on the owner of Abbott Pizza's door this week, as Michael Gerace pleaded guilty in Federal Court to cheating on his business' taxes.  From WIVB...

Ultimately, Gerace hid half a million dollars in taxes, failing to pay around $176,000. Further, when he learned he might be under investigation by the IRS, prosecutors say Gerace removed the first set of books and hid them.

From what I understand, Gerace hid them in a place where nobody would ever find them: The proposed site for Mickey Kearns' youth sports complex...
Abbott Pizza owner admits tax evasion | WIVB.com

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