Porn News

Strip Club Owner Pleads Guilty to Cooking Books

from www.freep.com – A Detroit-area strip club owner pleaded guilty today to doctoring his club sales with a specialized computer program so that he could cheat on his taxes, the Justice Department and Internal Revenue Service announced.

Nicholas J. Faranso, of Farmington Hills, faces up to five years in prison after pleading guilty before U.S. District Court Judge John Corbett O’Meara in federal court in Detroit.

He pleaded guilty to one count of conspiracy to defraud the United States. He will be sentenced July 14.

According to court documents, Faranso owned two strip clubs: BT’s in Dearborn, Mich., and Tycoon’s in Detroit. Court documents reveal that in 2001, Faranso bought a computer software program called Journal Sales Remover from Theodore Kramer, a self-employed computer software salesman. The software program was specifically designed to remove a portion of the actual sales from the computerized point of sales systems that both clubs used to produce guests checks, and to track and record sales.

The program would make it appear that Faranso’s clubs received less income than they actually did, records show.

According to court documents, from about 2001 to about 2004, at Faranso’s request, Kramer made periodic visits to Faranso’s clubs to run the sales remover program to delete a substantial amount of the actual sales from the club’s computer. Faranso then provided the reduced sales figures to his accountant, records show.

As a result, Faranso falsified the clubs’ tax returns by understating their gross receipts by more than $500,000.

Kramer pleaded guilty to one count of conspiracy in November.

198 Views

Related Posts

Apple ‘Approves’ 1st Porn App for iPhone in Europe

LONDON — Apple has begrudgingly "approved" the first porn app for use on iPhones, which is now available in Europe.The app, Hot Tub, is available via AltStore PAL's alternative iOS app marketplace.Apple's own App Store has long banned "overtly sexual…

Leana Lovings, Blake Blossom Star in Latest ‘All-Girl Massage’ From Adult Time

MONTREAL — Leana Lovings and Blake Blossom star in the latest installment of Adult Time series "All-Girl Massage," titled "Lonely Nights To Come." Directed by multi-XMAs winner Ricky Greenwood, Blossom plays a soldier who books herself a full-body massage at…

Catching Up With Alison Rey

Veteran performer Alison Rey hit her ten-year mark in August 2024.

Bree Mills Talks New Phase of AT Podcast: ‘After Sex Special’

Bree Mills discusses "After-Sex Specials," an audio-video interview with the performers after the production of a sex scene that is part of the the "Adult Time Podcast."

2025 XRCO Awards Set for May 25 in Hollywood

The annual industry-exclusive event returns to Boardners to celebrate the best in adult entertainment.

Leave a Reply

Your email address will not be published.