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Co-owner of Beverly take-out place roasted for tax evasion; sentenced to two years in prison

Nicholas Koudanis, 67, of Topsfield, was sentenced today to two years in the federal pen after pleading guilty to one count of conspiracy to defraud the United States by obstructing the IRS and ten counts of aiding and assisting in the filing of false tax returns related to Nick's Famous Beef in Beverly, the US Attorney's office reports.

Co-owner Nicholas Markos, who pleaded guilty to the same charges, is scheduled for sentencing next month

According to prosecutors, the two men skimmed a total of $6 million over several years from the restaurant, stashing the cash away and not paying taxes on it. At one point, the feds charge, Markos and his wife Eleni had $1.6 million in cash in a safe in their home.

In addition to the prison time, Koudanis and his wife have to pay the IRS more than $2 million in back taxes and penalties. Their son, Steven, 40, was sentenced to one year of of home confinement and ordered to pay $151,240 to the IRS, after pleading guilty to one count of endeavoring to obstruct and impede the due administration of the Internal Revenue Laws.



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Not just any takeout place, this is Nick's Roast Beef, known to those on the North Shore as the best roast beef place around (much better than Kelly's IMHO). My only hope is that the place doesn't shut down cause that would be a true tragedy.

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Way better than Kelly's. They started taking credit cards so that's a plus. Really don't think they're going anywhere.

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...was probably the beginning of the end. Cash is a lot easier to skim, cards practically impossible.

They should have booked to the old sod. If I'm not mistaken, Greece doesn't extradite for tax crimes.

So, no KHAN!!! for you.

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Is nothing sacred?

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