Business owners admit to tax charges

From Staff ReportsNovember 23, 2005 

RALEIGH - Three Wake County business owners pleaded guilty Nov. 9 to charges filed by the N.C. Department of Revenue.

Kibork Kim pleaded guilty to one count of failure to file and pay the state sales and use tax. Kim is president of Lotte Foods Inc., which operates Lotte Oriental Food Market in Raleigh. Judge Kristin Ruth issued Kim a 30-day suspended sentence and placed him on 12 months unsupervised probation.

Nick Rossicci pleaded guilty to nine counts of failure to file and pay the state sales and use and withholding taxes. Rossicci is president and treasurer of the Genova Co., which operates Est-Presto and Est-Est-Est Trattoria restaurants in Raleigh. Ruth issued Rossicci a 30-day suspended sentence. He was placed on 12 months unsupervised probation.

Karen A. Ross pleaded guilty to failure to file and pay the state sales and use and withholding taxes. Ross is president of K. Ross Enterprises Inc., which operates Montgomery's Florist of Raleigh. Ruth issued Ross a 30-day suspended sentence and placed her on unsupervised probation for 12 months.

The charges are the result of efforts by the Department's Raleigh Collections Office.

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