Nifty Fifty’s, the local burger and milkshake chain with five locations in Pennsylvania and New Jersey, is now under federal investigation. A handful of higher-ups were charged with conspiracy to defraud the United States “by impeding, impairing, obstructing, and defeating the lawful functions of the Internal Revenue Service of the Department of the Treasury.” Laymen’s terms? It’s time to pay the taxman.
According to court documents obtained and reported on this morning by Philly.com, Nifty Fifty’s management skimmed over $4 million from the businesses between the years of 2006 and 2010.
They stored hundreds of thousands of dollars in personal safes and in safety deposit boxes. One of the men being charged then flew to Florida with the money, where he maintained his retirement home.
Come on now, any decent movie buff knows not to cross state lines!
In any case, over the four years cited in the suit, there was over $15 million unaccounted for, leaving the IRS out a whopping $2.2 million.
Maybe they can barter for milkshakes. [Philly.com]
