On Thursday, January 25, 2018, it was announced that a local bar owner had pleaded guilty to conspiring with others to defraud the United States by failing to pay taxes on income received from vending machines. The machines were located in the bars the defendant owned. According to the plea agreement, Jerome E. Rivera admitted that he had partial ownership of multiple bars in the Houston area. Those bars operated under the name “On the Rox”.

Rivera conspired with others to hide the cash income from vending machines in the bars from the Internal Revenue Service. According to the plea, Rivera admitted that he failed to report a total of $557,289 in income for the 2010, 2011 and 2012 tax years. As a result, the United States sustained a tax loss of $147,375.

The guilty plea has been accepted. Sentencing has now been scheduled for April 19, 2018. At the time of sentencing, Rivera faces a maximum of five years in federal prison and a possible maximum fine of $250,000. Additional details can be found here.

I am a proficient writer and news enthusiast. I strive to remain consistently up to date with the on-goings in the world, especially with businesses and markets.

Leave a Reply