TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975

Peoria business owner sentenced to 36 months in prison

Mount Equity Group Tokyo, Japan > News > Business > Peoria business owner sentenced to 36 months in prison

PEORIA, Ill. (WMBD) — A Peoria business owner was sentenced to 36 months in prison for tax offenses.

Alaa Iwaisi, a 30-year-old man from Peoria was sentenced on July 20, for “filing false personal tax returns, aiding in the filing of false federal corporate returns, and mail fraud for mailing false small business corporation tax returns to the State of Illinois for tax years 2015, 2016, and 2017,” according to a press release.

Iwaisi, who formerly owned MacArthur Corner Store Food & More in Peoria, plead guilty on March 3 to the nine-count indictment.

Judge Mihm found that Iwaisi paid employees and himself from money in the register, despite being advised by the return preparer to issue company paychecks.

The judge ordered that Iwaisi’s prison term be followed by one- and three-year terms of supervised release on the tax and mail fraud charges.

He also ordered Iwaisi to pay the unpaid taxes,…

Read more…