Ex-Club Owner Found Guilty Of Tax Evasion
Today, Abdul Karim Khanu was found guilty in federal court of tax evasion. Khanu, 42, had been a prominent nightclub owner. At one point, he operated DC Live, Platinum, and H2O. Now, he is facing a maximum of 10 year prison term.
According to a press release from the U.S. Attorney's Office:
"Khanu owned and operated two nightclubs on F Street in the District, named DC Live (and later VIP) and Platinum, from at least 2000 through 2003. Khanu skimmed millions of dollars in cash from these clubs to pay employees wages in cash, and for his personal use."
When law enforcement raided Khanu's Potomac home, they found $1.9 million in cash as well as "a double set of books and records."
Comments
Leave a Reply
You can follow any responses to this entry through its comments RSS feed.
6:18 pm
I will give it until mid 2011 that you all be reading about the criminal,David J. Butler AKA 'Men's Parties' being charged for tax evasion, you can count on that!
6:52 pm
...kinda sucks to do something as simple and successful as run parties in an abandoned warehouse downtown, make a ton of money, and within a few years end up owing the government 25% of the gross for each of those years.
I can't imagine how many people have found themselves in the same situation.
The difference between success and failure is a simple matter of not paying the tax? Somehow that doesn't sound right. Sounds more like "institutionalized blackmail" to me.
7:52 pm
I don't know about "institutionalized blackmail" but there is the small matter of all the sales tax collected and then put right into his pocket. Sounds more like "institutionalized larceny" to me.
10:02 pm
jeez, pay some taxes, won't kill ya.
2:50 pm
jf1, I wish I could get away with only paying Uncle Sam 25% of my paycheck as taxes! He should have been in the 40% plus tax bracket if he was making all that cash, between DC government and the feds.
7:45 pm
Some of that money ($1,500) went to Vince Gray's city counsel chair campaign. Should Gray keep it?