The owner of a chain of clothing stores throughout Southern California was sentenced to two years in prison for evading payment of $5.6 million in taxes and $353,792 in workers’ compensation premiums, state Attorney General Xavier Becerra announced.
From 2010 to 2016, Jeong Kim failed to report $7 million in wages paid to workers at more than 50 stores he owned in Los Angeles, Orange, San Diego, San Bernardino and Ventura counties, the attorney general announced. The unreported wages resulted in his underpaying workers’ compensation premiums by more than $350,000.
Kim also failed to report to the state more than $29 million in taxable sales, more than $39 million in taxable income and more than $8 million in wage payments.
Kim in July 2017 pleaded guilty to four counts of fraud in a complaint filed with the Los Angeles County Superior Court. He has already paid $7.6 million in restitution.
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