According to the St. Petersburg Times, former Hooters President Lynn Stewart was convicted on Friday of two counts of tax evasion and two counts of filing a false tax return. The case is apparently part of a nationwide crackdown on the use of offshore accounts to avoid payment of income taxes. Stewart faces a maximum sentence of five years imprisonment for each tax evasion count and three years for each false tax return count.
Posted by franchiselawblog at November 1, 2004 03:17 PM