Sam Moore charged with filing false tax return - NBC12 - WWBT - Richmond, VA News On Your Side

Velvet's former owner Sam Moore charged with filing false tax return

By Ryan Nobles - bio | email

RICHMOND, VA (WWBT) - Sam Moore, the former owner of the infamous Shockoe Bottom Club Velvet, is in trouble with the law once again. The IRS is accusing Moore of taking in cash at Club Velvet and not reporting the income and as a result not paying the tax owed the federal government.

A grand jury indictment handed down Wednesday accuses Moore of grossly underestimating receipts at the club for lap dances, dancer fines and cover charges. The IRS accuses him of then using that cash to operate ATMs at the club. By using the unreported cash, Moore effectively evaded being taxed twice. Once for the initial receipt and then again when he took in a profit from ATM usage fees.

It wasn't pennies Moore didn't report.

The IRS claims it was $791,126.91 over three years. They believe he owes the federal government $290,955.50

The feds treat this as a serious offense. Moore could be hit with a fine of up to 75% of the unpaid tax- plus the tax owed and interest.

You can read the Federal Grand Jury indictment by clicking here.

Copyright 2010 WWBT NBC12. All rights reserved.

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