Salem Roast Beef Restaurant Owner Pleads Guilty On Tax Charges

SALEM, MA -- John Kalantzis, 52, of Lynn, will be sentenced on October 2 after pleading guilty to federal tax charges in U.S. District Court in Boston on Monday. Kalantzis owns King's Roast Beef in Salem and was accused of failing to pay $383,000 in federal income taxes between 2011 and 2015. Federal prosecutors said Kalantzis under-reported revenue at King's by diverting some of the restaurant’s cash receipts to himself, paying for some of the restaurant supplies with cash, and paying a portion of his employee’s wages in cash.

According to a news release, during each of the five years Kalantzis failed to report cash receipts of approximately $275,000 and cash expenses of approximately $115,000 on King’s Roast Beef’s tax returns. for a total of $855,000 in unreported income. He faces up to three years in prison, a year of supervised release and up to $250,000 in fines when he is sentenced.

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Patch file photo.