Grimaldi’s seizure by tax authorities last week was explained to the Brooklyn Paper by owner Frank Ciolli as “something that got screwed up and we sorted it out.” Really? What got screwed up? Ciolli declined to give more details, but did trot out the trusty “accounting error” excuse. “People make mistakes,” he said. Especially in wildly profitable cash-only businesses.
State: Grimaldi’s Cooked Books [Brooklyn Paper]