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Tax fraud trial underway for Dippin Donuts owners

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UTICA, N.Y. -- The trial has started for the local donut shop owners accused of tax fraud.

Dippin Donuts owners John and Helen Zourdos, and their son Dimitrios Zourdos, were all indicted in 2020 on felony charges of conspiracy to defraud the IRS, tax evasion and aiding and assisting in the filing of false tax returns.

The jury was selected Monday morning ahead of opening arguments.

The investigation into the Zourdos family started in 2018.

The federal indictment alleges the three hid $1 million in cash sales from 2013 to 2017 by depositing money into personal accounts instead of business accounts.

The defendants face a maximum sentence of five years in prison for the conspiracy charge and each count of tax evasion, and three years in prison for each false return charge.