H reopened shortly after it was seized for non-payment of taxes back in May, but that wasnt the last of it. City Room reports today that owner Helmer Toro has been indicted on tax-fraud charges stemming from his alleged failure to fork over $370,000 in payroll withholdings to state and federal tax authorities. It seems it wasnt a case of absentmindedness, since Toro is said to have set up six different shell companies in order to keep his unemployment insurance costs down. Toro is facing a maximum of fifteen years in prison and $1 million in fines. And now we know why Mayor Bloomberg chose Fairways bagels as the best in New York.
Bagel Shop Owner is Indicted [City Room/NYT]