San Jose: Two men plead guilty to withholding employees’ income taxes from IRS

San Jose: Two men plead guilty to withholding employees’ income taxes from IRS

a year ago
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https://www.siliconvalley.com/2025/05/20/san-jose-two-men-plead-guilty-to-withholding-employees-income-taxes-from-irs/

SAN JOSE — Two men pleaded guilty Monday to not paying employment taxes of a combined $3.6 million to the Internal Revenue Service, instead using that money to pay for country club memberships and hockey tickets, federal authorities said.

Lalo Valdez and Matthew Olson, who are both residents of Northern California, cost the IRS about $1.5 million and $2.1 million, respectively, by withholding employees’ income tax and not giving it to the government for two separate businesses, according to a news release from the Department of Justice’s Northern District of California.