Screenshot reading: Walczak, 55, joined his mother’s nursing home business after dropping out of college, eventually becoming CEO. After she sold the company in 2007, they invested $18 million in a new nursing home venture based in South Florida, where they lived a luxurious lifestyle. By 2011, prosecutors said, Walczak had stopped paying employment taxes. Between 2016 and 2019, they said, he withheld more than $10 million from the paychecks of the nurses, doctors and others who worked at his facilities under the pretext of using it for their Social Security, Medicare and federal income taxes. Instead, he used some of the money to buy a $2 million yacht and to pay for travel and purchases at high-end retailers, including Bergdorf Goodman and Cartier, prosecutors said. He was charged in February 2023 with 13 counts of tax crimes.
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