Smithfield Businessman Pleads Guilty To State
RALEIGH – A Smithfield business owner pleaded guilty Monday
in Wake County Superior Court to felony tax charges filed by the
North Carolina Department of Revenue.
Naim Sadiq Yasin, 51, of 213 Maple Circle, Smithfield, the owner
of four Subway sandwich shops throughout Johnston County, pleaded
guilty on Oct. 23, 2006 to four counts of sales tax evasion.
Wake County Superior Court Judge Donald W. Stephens sentenced Yasin
to four consecutive six-month minimum, eighth-month maximum prison
terms. The sentence was suspended and Yasin was placed on supervised
probation for 36 months. He was also ordered to pay restitution of
$200,475.09, perform 100 hours of community service, pay a $1,000
criminal fine and file and pay all state tax returns due. Yasin paid
the restitution in court prior to sentencing.
The state’s evidence showed that from 2001 through 2005, Yasin,
a responsible corporate officer of Yasin Enterprises, Inc. and Marwan
Enterprises, Inc., willfully underreported the sales tax charged
and collected at his Subway restaurants to the Department of Revenue.
The charges against Yasin resulted from an investigation by the
Department’s Wilmington Field Examinations Office and a special
agent with the Department’s Criminal Investigations Division
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Last modified on:
10/31/07 03:44:18 PM