Nifty Fifty Owners Charged in $2.2 Million Tax Evasion Conspiracy

The U.S. Attorney’s office has announced that the five owners and managers of Nifty Fifty’s have been charged in a tax evasion conspiracy for allegedly failing to report $15 million in gross receipts. The group—consisting of four Pennsylvania residents and one Florida man—has allegedly been evading taxes since the chain opened in 1986. Additionally, the U.S. Attorney is reporting that they filed for refunds from the IRS based on the incorrect income reports. [6 ABC]