Men face sentencing for tax evasion

September 6, 2009 2:58:59 PM PDT
Five business partners from New Jersey face sentencing for a tax evasion scheme involving discount stores they owned. Fifty-one-year-old Mohammed Arif of Piscataway, 56-year-old Mohammed Memon of Somerset, 48-eight-year-old Haji Memon of Piscataway, 44-year-old Mohammed Naeem of Somerset and 41-year-old Mohammed Jaweed of Somerset pleaded guilty to filing a false federal tax return.

Authorities say the defendants skimmed cash from Dollar Dreams stores they operated in several states and 10 locations in Connecticut and failed to report the income to the IRS.

The men face up to three years in prison when they are sentenced Tuesday in federal court in New Haven and have agreed to pay $1.2 million in restitution.

The defendants no longer operate the stores.

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