The former owner of a bar in Kent was sentenced today to eight months in prison for multiple misdemeanor counts of failing to file tax returns.
Eric M. Galanti, who now resides in Olympia, failed to file his business and personal tax returns between 2006 and 2012. Galanti owned several restaurants during that time, including Bourbon Jacks in Kent and Albi Crab & Fish and the Admiral Pub in West Seattle.
According to records filed in the case, the lengthy investigation by the Internal Revenue Service Criminal Investigation Division found that Galanti’s businesses were generating significant revenues, but he failed to keep accurate records. Bank records show two of the restaurants had deposits of more than $7.7 million between 2006 and 2011.
While he failed to file and pay his taxes, Galanti enjoyed a lavish lifestyle: using forged tax documents to facilitate his purchase of a $400,000 yacht; taking expensive trips to Hawaii, Las Vegas and the Caribbean; and paying more than $10,000 for Kenney Chesney concert tickets.
Galanti was sentenced to the aforementioned eight months, plus one year of supervised release and $800,000 in restitution.
“As we approach tax day, Mr. Galanti’s sentence reminds us of our legal obligation to file complete and accurate tax returns with the IRS,” said Special Agent in Charge Darrell Waldon of IRS Criminal Investigation. “Today, Mr. Galanti, who willfully failed to pay $800,000 in taxes, learned the consequences of neglecting his duty as an American and as a small business owner. Instead of paying taxes, Mr. Galanti rewarded himself with lavish vacations and a new yacht. His decision to ignore his civic responsibilities caught up with him today.”