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Nassau Business Owner Admits To $8M Tax Fraud
Two Long Island auto shops and their owner have been convicted of underreporting more than $8 million in taxable sales over the course of a decade, authorities said.
New York Attorney General Letitia James announced on Friday, March 26 that Freeport resident Luis Crespo, the owner of Broadway Towing, Inc. and Broadway Auto & Towing, Inc. pleaded guilty to criminal tax fraud for failing to pay more than $700,000 in sales tax.
Crespo, 53, also pleaded guilty to petit larceny and agreed to pay the state more than $900,000 in restitution.
James said that between 2009 and 2018, a joint inve…
