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Home / Diet / Father-son house owners of River Grove restaurant charged with tax evasion for allegedly hiding money – Chicago Tribune

Father-son house owners of River Grove restaurant charged with tax evasion for allegedly hiding money – Chicago Tribune

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The daddy-and-son house owners of a hottest Italian restaurant in west suburban River Grove assemble been charged with evading federal earnings taxes by failing to document millions of bucks in money receipts.
Luciano Libreri, sixty seven, and his son, Ignazio, 36, who together possess Da Luciano Pizza and Pasta, were each and each charged in a prison files with one felony count of tax fraud, court data reveal.
Defendants charged by files in overall idea to plead responsible.
The value alleges that between at the least 2010 and 2013, the Libreris “concealed almost the total money receipts” the restaurant had tranquil once a year from their accountant.
Essentially basically based fully on that spurious reporting, the accountant then filed tax returns that underestimated the restaurant’s unpleasant receipts by millions of bucks once a year, the data alleged.
In 2012, as an instance, the restaurant claimed to assemble unpleasant receipts of $897,000 when the correct amount used to be “critically” increased, the data acknowledged. The entire amount of the alleged fraud used to be now not contained in the charges.
Reached by phone at the restaurant Tuesday, Ignazio Libreri referred questions to the household’s licensed expert, Michael Monico, who mentioned that the Libreris assemble cooperated with prosecutors and “request to get to the underside of the case rapid of trial.”
“They’re very perfect participants who for years assemble walk a provocative restaurant,” Monico mentioned.
Essentially basically based fully on a Tribune article in November, Luciano and Ignazio Libreri opened Da Luciano in 2003. The relaxed double storefront on Mountainous Avenue in River Grove has a busy pizza counter in front and big predominant eating room subsequent door and is known for its gluten-free menu.
Luciano immigrated to the U.S. from Caccamo, Sicily, in 1969. Sooner than opening Da Luciano, he co-owned the everyday La Gondola restaurant in Chicago’s Lakeview neighborhood.
jmeisner@chicagotribune.com
Twitter @jmetr22b
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