CASINO OWNER PLEADS GUILTY TO TAX EVASION
Rene Medina, the owner of Lucky Chances Casino in Colma, Calif., pleaded guilty to three counts of tax evasion. Medina, 62, pleaded guilty to evading income taxes by paying more than $1 million in personal expenses from Lucky Chances’ business account. The payments were written off as ordinary and necessary business expenses. Medina has agreed to pay $591,083 in taxes owed and faces up to five years in prison and a $250,000 fine.
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