SPRINGFIELD, Ill. (WAND) – A restaurant owner is charged with filing false federal income tax returns.
Prosecutors say Chu Chuk Cheung, 40, did not report personal income earned from Osaka Japanese Restaurant - a business located in Springfield - in the 2012 and 2013 tax years. The money they say he failed to report includes $376,976 in 2012 and $145,958 in 2013.
U.S Attorney John Childress says Cheung intentionally would structure cash withdrawals to be below $10,000 in order to avoid drawing IRS attention. When someone withdraws money above that amount, banks must file Currency Transaction Reporting documents with the IRS.
Cheung faces two charges of filing false income tax returns and another 10 counts for structuring. Each unlawful money structuring charge could carry a sentence of as much as 10 years in prison. False return filing charges could mean up to three years behind bars, full restitution and at least $100,000 in fines for each count.
Cheung will appear before U.S. Magistrate Judge Tom Schanzle-Haskins on Aug. 29. He is expected to be arraigned on that date.