Smithfield Businessman Pleads Guilty To State Tax Charges
RALEIGH – A Smithfield business owner pleaded guilty Monday in Wake County Superior Court to felony tax charges filed by the North Carolina Department of Revenue.
Naim Sadiq Yasin, 51, of 213 Maple Circle, Smithfield, the owner of four Subway sandwich shops throughout Johnston County, pleaded guilty on Oct. 23, 2006 to four counts of sales tax evasion.
Wake County Superior Court Judge Donald W. Stephens sentenced Yasin to four consecutive six-month minimum, eighth-month maximum prison terms. The sentence was suspended and Yasin was placed on supervised probation for 36 months. He was also ordered to pay restitution of $200,475.09, perform 100 hours of community service, pay a $1,000 criminal fine and file and pay all state tax returns due. Yasin paid the restitution in court prior to sentencing.
The state’s evidence showed that from 2001 through 2005, Yasin, a responsible corporate officer of Yasin Enterprises, Inc. and Marwan Enterprises, Inc., willfully underreported the sales tax charged and collected at his Subway restaurants to the Department of Revenue.
The charges against Yasin resulted from an investigation by the Department’s Wilmington Field Examinations Office and a special agent with the Department’s Criminal Investigations Division in Raleigh.
P.O. Box 25000, Raleigh, NC 27640-0001
An Equal Opportunity Employer
- Taxpayer Self-Help
- Tax Information
- 2014 Individual Income Tax Law Changes
- 2015 Income Tax Estimator
- Understanding Your Notice
- Collections – Past Due Taxes
- Taxpayer Advocate
- Armed Forces
- Resolving Disputes
- Periodic Review of Existing Rules
- Property Auctions
- Reports and Statistics
- Tax Seminars
- Identity Theft