The drug store. That place where we fill our prescriptions, buy our sundries, and maybe have a malt at the counter.
Saad Kamil Deeb owns Citizens Pharmacy in Welch, West Virginia. According to the US Department of Justice, he allegedly had a side business with his drug store. An illegal gambling business that made $1.7 million in income.
Apparently the IRS got wind of his alleged operation, and wasn’t pleased because he hadn’t included the income on his tax returns. Mr. Deeb also is accused of “structuring,” making cash deposits of less than $10,000 to avoid federal reporting requirements.
The government is beginning forfeiture proceedings against Mr. Deeb, hoping to recover $1.7 million in cash, automobiles, and land that Mr. Deeb owns. And if he’s convicted, he could face 150 years in prison, and a fine of up to $7.5 million.