Colma casino owner pleads guilty to tax evasion
Lawyer News
[##_1L|1374114687.jpg|width="120" height="101" alt=""|_##]A Colma casino owner at the heart of a federal public corruption probe has admitted to cheating on his taxes and illegally deducting $2.6 million in personal expenses. Sixty-two-year-old Renato Medina faces up to five years in prison when he's sentenced Feb. 28 for felony tax evasion. He also agreed to pay $591,000 in back taxes after admitting listing home furnishings, a new Mercedes Benz and other personal luxuries as Lucky Chances expenses.
Medina's niece and nephew have pleaded not guilty to helping Medina set up sham companies to help funnel casino revenue into Medina's personal holdings.
Colma's former mayor was sentenced to 18 months in prison in July after pleading guilty to accepting airline tickets from Medina while the casino had business pending before him.
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