Thursday, December 23, 2010

Manhattan restaurant owner pleads to tax charge

NEW YORK — An 80-year-old Manhattan restaurant owner has pleaded guilty to filing false tax returns by hiding $4.9 million overseas.

Ernest Vogliano entered the plea in federal court in Manhattan Wednesday. He agreed to pay a civil penalty of $940,000. Sentencing was set for March 24.

Vogliano owns Il Vagabondo, a legendary midtown restaurant. He said during his plea that he knew what he was doing was wrong and illegal when he failed to report the money from 2003 through 2007.

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