Bare Feet Shoes co-owner sentenced in tax schemeAugust 29, 2013 @ 2:52 pm
PHILADELPHIA (AP) - A co-owner of the Pennsylvania and New Jersey retail chain Bare Feet Shoes has been sentenced to 30 months in federal prison for paying workers off the books to avoid nearly $600,000 in federal taxes.
A judge on Thursday ordered Uri Jacobson to also pay more than $1.2 million in restitution to the Internal Revenue Service.
Federal prosecutors say Jacobson and store manager Elena Falaschetti (fal-uh-SKEH'-tee) failed to report almost $2.8 million in wages paid to employees from 2003 to 2009. Wyncote, Pa.-based Bare Feet Shoes has 200 employees in 12 stores selling shoes, apparel and accessories.
Authorities say Jacobson had Falaschetti and others falsify payroll reports. They say both of them underreported their own incomes for years.
Jacobson and Falaschetti pleaded guilty last September. Falaschetti was sentenced in May to six months of home confinement.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
SDOT says human error is to blame for West Seattle Bridge de-icing crashes
Danny O'Neil shares what we learned from the Seahawks' loss to the 49ers
The Holiday Map
Find Santa photos, tree farms, lights & seasonal events with our holiday map
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.