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Justice News

Department of Justice
U.S. Attorney’s Office
Northern District of Ohio

FOR IMMEDIATE RELEASE
Thursday, May 31, 2018

Canton man sentenced to more than a year in prison for money laundering and tax violations

A Canton man was sentenced to more than a year in prison after failing to report more than $1 million in income over seven years, law enforcement officials said.

Paul G.A. Kasapis, 48, was sentenced to 15 months in prison, ordered to pay $533,434 in restitution, and has forfeited a residence in Cape Coral, Florida, and a Marriott Vacation Club timeshare account as properties derived from the proceeds of an illegal gambling business in violation of federal law.

Kasapis pleaded guilty earlier this year to one count of income tax evasion, one count of the willful failure to collect and pay over employment taxes and two counts of money laundering.

Kasapis failed to pay over unreported personal income and unreported employee wages from PK Produce, Lucky Fox and El Dorado City of Gold resulted in a total criminal tax loss of approximately $533,434, according to court documents.

This case is being prosecuted by Assistant U.S. Attorney Henry F. DeBaggis following an investigation by the Internal Revenue Service – Criminal Investigations, Ohio Bureau of Criminal Investigation, Stark County Sheriff’s Office and Jackson Township Police Department.

Topic(s): 
Financial Fraud
Tax
Component(s): 
Contact: 
Mike Tobin 216.622.3651 michael.tobin@usdoj.gov
Updated May 31, 2018