Nifty Fifty's Owners, Managers Plead Guilty to Tax Evasion

The owners and management of five Nifty Fifty's locations have plead guilty to multiple tax evasion charges, according to a report on Philly.com

Defendants Brian Welsh, 48, and Joseph Donnelly, 49, both of Springfield, Leo McGlynn, 52, of Swarthmore, Elena Ruiz, 46, of Drexel Hill and Robert Mattei, 73, of Del Ray Beach, were charged with cheating the Internal Revenue Service by failing to properly account for more than $15 million in gross receipts, according to an FBI press release.

Mattei and Welsh face a maximum sentence of 40 years of imprisonment, five years of supervised release, a fine of up to $1.5 million, full restitution to the IRS, and a $300 special assessment. If convicted, McGlynn and Donnelly face a maximum sentence of 50 years of imprisonment, five years of supervised release, a fine of up to $2 million, full restitution to the IRS, and a $400 special assessment. Ruiz faces a maximum sentence of 10 years of imprisonment, three years of supervised release, a fine of up to $500,000, full restitution to the IRS and a $200 special assessment.