Chief Financial Officer of Pizzeria Sentenced on Embezzlement and Tax Charges

Written by TaxSqueal. Posted in Recent Tax Fraud Cases, Tax Fraud Cases

On November 19, 2010, in Cleveland, Ohio, Vince Romito was sentenced to 27 months in prison and ordered to pay more than $350,000 in restitution.  Romito, of Brunswick, Ohio, pleaded guilty on November 1, 2010, to making, uttering or possession of forged securities and five counts of filing false income tax returns.  According to court documents, Romito worked as controller and chief financial officer for Zeppe’s Pizzeria, a pizza chain headquartered in Bedford Heights.  He admitted that in that capacity, he embezzled $291,034 from July 2004 through April 2009.  Romito caused Zeppe’s to issue 166 checks, purportedly for business expenses, that were actually for his own personal expenditures, according to court documents.  Romito also failed to report this income on his personal income tax returns filed between 2004 and 2008, resulting in $68,023 additional taxes due and owing.