A Stark County businessman will spend 15 months in federal prison on tax charges related to his video gaming parlors.
Paul G.A. Kasapis, 48, of Canton Township, was sentenced Thursday by U.S. District Court Judge Patricia Gaughan in Cleveland. In addition to the prison term, Kasapis was ordered to pay roughly $533,000 in restitution.
He previously pleaded guilty to single counts of income tax evasion, willful failure to collect and pay employment taxes and two counts of money laundering.
According to the federal charges, Kasapis underreported personal income and failed to pay other required taxes from businesses, including Lucky Fox in Jackson Township and El Dorado City of Gold in Canton Township as well as PK Produce in Cleveland, resulting in a total criminal tax loss of roughly $533,000, according to the office of Justin Herdman, U.S. attorney for the Northern District of Ohio.
Kasapis failed to report more than $1 million in income over the course of seven years, according to the U.S. attorney’s office.
He also had a separate case in Stark County Common Pleas Court where he pleaded guilty to multiple gambling-related charges stemming from the video gaming parlors operated between 2012 and 2015, according to court records. His wife, Debra Kasapis, 52, also pleaded guilty to multiple gambling-related charges in the local case.
Debra Kasapis was not charged in the federal case.
Under the terms of his federal plea agreement, Kasapis will forfeit a residence in Cape Coral, Fla., and a Marriott Vacation Club timeshare account as properties derived from the proceeds of an illegal gambling business, according to federal prosecutors.
The federal case was investigated by the Internal Revenue Service, Ohio Bureau of Criminal Investigation, the Stark County Sheriff’s Office and Jackson Township police.
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