Former owner of Giovanni’s Roast Beef in Saugus sentenced for tax fraud

The former owner of a Giovanni’s Roast Beef and Pizza location in Saugus was sentenced for tax fraud Thursday in federal court.

Steve Konis, 70, failed to report $800,000 in income to the IRS, according to the Department of Justice.

For tax years 2012 through 2015, the DOJ estimated Konis avoided paying $178,169 in corporate and personal taxes.

Konis allegedly diverted some of the restaurant’s cash for his own benefit, paid for some supplies with cash, and paid a potion of employees’ wages in cash to reduce his federal income taxes. The DOJ said he also failed to report hundreds of thousands of dollars worth of cash expenses on Giovanni’s tax returns.

He pleaded guilty in July to two counts of aiding and assisting in filing false corporate tax returns.

Konis was sentenced to three months in prison, two years of supervised release, and ordered to pay a fine of $100,000 and restitution of $178,196.

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