Ohio man charged with gambling and tax offenses
The The United States Department of Justice, in a press release on Friday, June 24, 2022, announced the indictment of an Ohio man named Christos Karasarides Jr.
‘ In a second substituted indictment unsealed today, a federal grand jury in Cleveland, Ohio charged Christos Karasarides Jr., of Canton, with tax evasion, filing false tax returns, falsifying of witnesses, tampering with records, and five separate conspiracies to operate illegal gambling businesses, defraud the IRS, and commit money laundering.
“In May 2021, the government charged husband and wife Jason Kachner and Rebecca Kachner, CPA Ronald DiPietro and Thomas Helmick with conspiracy to operate illegal gambling businesses and to defraud the IRS, among other criminal offenses. The replacement indictment unsealed today adds Karasarides to the indictment and includes new tax charges against DiPietro.
“According to the second replacement indictment, from 2010 to 2018, Karasarides, Jason Kachner, Rebecca Kachner and DiPietro conspired to operate Skilled Shamrock, an illegal gambling business in Canton, and conspired to defraud the IRS by concealing income generated by Skilled Shamrock. From 2012 to 2017, Skilled Shamrock customers reportedly wagered a total of over $34 million, which generated over $4 million in net revenue for the owners of the gambling business.
“The second replacement indictment also charges that from 2009 to 2013, Karasarides accrued a total of over $1.4 million in taxes owed to the IRS. Karasarides and DiPietro sought to evade this tax liability by allegedly submitting false information to the IRS concealing Karasarides’ ownership of illegal gambling businesses and income earned from those businesses. Instead of paying his outstanding tax debt, Karasarides reportedly spent millions of dollars in cash on personal items such as cars, country club dues, real estate and credit card payments to benefit members of the family.
“With the help of DiPietro, Karasarides also allegedly filed false tax returns with the IRS for 2013 to 2016. The returns apparently did not include all of the income Karasarides earned from Skilled Shamrock and other businesses. of money games. Additionally, DiPietro is charged with helping the Kachners file their own false tax returns for the years 2013 through 2017. The Kachners and Helmick were previously charged with conspiracy and filing false tax returns that allegedly underreported the gross receipts received from Redemption Skill Games 777, one of the other game companies.
“During the investigation, Karasarides allegedly sought to tamper with a witness appearing before the grand jury. He also allegedly had fake promissory notes created to authenticate alleged loans, then ordered business associates and his son to sign the fake promissory notes. When Karasarides learned that one of the associates had been subpoenaed to testify before the grand jury, he allegedly ordered that witness to falsely testify that his loan was legitimate.
‘Karasarides is also charged with conspiracy to launder money because he allegedly disguised the final payment on his personal residence, funded by cash proceeds from his illegal gambling businesses, by providing the money to his associate who agreed to set up a company to make the payment so that, on paper, Karasarides would never repay the principal and buy the residence.
‘Karasarides made his first court appearance today. If convicted, he faces a maximum sentence of five years in prison for each count of conspiracy to operate an illegal gambling business and conspiracy to defraud the IRS, five years in prison for tax evasion, three years in prison for filing a false tax return, and 20 years in prison for each count of conspiracy to launder money, tampering with witnesses and falsifying documents. DiPietro faces a maximum sentence of five years in prison for helping Karasarides evade taxes and three years in prison for helping Karasarides file a false tax return. A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors.
Acting Assistant Deputy Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and First Assistant U.S. Attorney Michelle Baeppler for the Northern District of Ohio made the announcement.
‘IRS-Criminal Investigation, the United States Department of the Treasury’s Office of Inspector General and the Ohio Casino Control Board are investigating the case. Homeland Security Investigations provided substantial assistance.
“Trial Attorneys Richard M. Rolwing and Sam Bean for the Tax Division and Assistant United States Attorneys Robert Patton and David Toepfer for the Northern District of Ohio are prosecuting the case.
“An indictment is only an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in court.”