PHILADELPHIA — On March 25, 2021, D. ADAM MENKO (hereinafter MENKO), of Oreland, PA, admitted to evading over $84,000.00 in taxes. MENKO was previously charged with one count of tax evasion.
During tax years 2013 through 2017, MENKO failed to maintain complete and accurate business records to determine income and expenses. Instead, MENKO used a check cashing agency to cash income receipt checks and paid his business expenses with cash. Even though he knew he had earned income in tax years 2013 through 2017, MENKO failed to file personal income tax returns for those years.
During the tax years 2013 through 2017, MENKO evaded the payment of approximately $84,061.00 in taxes due and owing to the IRS.
“It’s tax season, a time when honest and law-abiding taxpayers are sitting down to compute and pay their fair share of taxes,” said IRS Criminal Investigation Special Agent in Charge Thomas Fattorusso. “It is disheartening to hear of the likes of MR. MENKO, who take steps to evade paying their fair share. His guilty plea today underscores IRS-CI’s relentless efforts to protect the integrity of our nation’s tax system.”
MENKO could face a statutory maximum sentence of five years and a $250,000.00 fine.
The case was investigated by IRS Criminal Investigation. It is being prosecuted by Assistant United States Attorney Terri Marinari and Assistant United States Attorney Richard Barrett.