Yancey's owner pleads guilty to withholding taxes
Published: Wed, Aug. 20, 2008 03:34PM
Modified Wed, Aug. 20, 2008 03:43PM
E-Mail
Print
tool name
closeThe owner of a shuttered downtown Raleigh restaurant pleaded guilty Tuesday to failing to pay his taxes.
Mark Valentine, president of Yancey's! Inc., pleaded guilty to one count each of failing to pay state sales and use tax and withholding taxes. Yancey's, a popular restaurant on Fayetteville Street, closed recently.
Valentine, who lives in Wendell, received a 45-day suspended sentence and 36 months of supervised probation. He must also pay $31,213 in restitution and court costs.
More Local & State
Valentine failed to pay the taxes between November, 2007 and January. The department of revenue's Raleigh Collection Office investigated the incident.
Get it all with convenient home delivery of The News & Observer.
The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.
If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
