LACEY – A local restaurant owner pled guilty to hiding nearly $900,000 of taxable income on his corporate and personal tax returns, according to Michael Montanez, special agent in charge at the U.S. Treasury.
Raimondo Schiano, 55, of Lacey, filed false tax returns for Biagio’s Trattoria, which he owns in Lanoka Harbor.
“For the tax years 2014 through 2018, Schiano admitted that he diverted revenue from sales at Biago’s to his personal bank account,” Montanez said in a statement.
If he had paid taxes on this income, it would have been $185,100, Montanez said.
Schiano pleaded guilty to one count of filing false personal and corporate tax returns from 2014 to 2018. He faces three years in prison and up to $250,000 in fines when he is sentenced on Nov. 24, Montanez said.
