Tag Archives: Nifty.Fiftys

The Last Roundup at Nifty Fifty’s

Last Thursday William Frio was sentenced to five years at ClubFed. Mr. Frio was the accountant for Nifty Fifty’s, the Philadelphia-area restaurant chain with food themed from the 1950s and a tax strategy from the 1850s. Beginning in 1986, Frio … Continue reading

Posted in Tax Evasion | Tagged | Comments Off on The Last Roundup at Nifty Fifty’s

One Good Crime Deserved Another

Let’s say you’re involved in a 20-year scheme that has successfully evaded millions of dollars in payroll and income taxes for your largest client. However, you’ve only had minor profits from the scheme. So why not embezzle millions of dollars … Continue reading

Posted in Tax Evasion | Tagged | 2 Comments

One Good Crime Deserves Another

I’ve written about Nifty Fifty’s before. It’s a Philadelphia-area chain featuring food themed from the 1950s. The owners of the chain used ideas from the 1850s to help their profitability: They skimmed cash, paid employees in both paychecks and the … Continue reading

Posted in Tax Evasion | Tagged | 2 Comments

Nifty Scheme Lands Five at ClubFed

Last year I reported on the inventive scheme used by the owners of Nifty Fifty’s, a Philadelphia area restaurant chain. Back in 1986, the restaurant was founded. The chain is themed on the 1950s; the owners apparently longed for the … Continue reading

Posted in Tax Evasion | Tagged | 2 Comments