A local business owner has been charged with evading more than $1 million in state taxes.
Ted Bulthaup, the owner of Hollywood Palms here in Naperville, recently appeared in court after being charged with more than 100 counts of federal tax evasion, fraud, and failure to file tax returns at both the Route 59 location, as well as the Hollywood Boulevard Cinema in Woodridge, which he owned up until February 10 of this year.
Prosecutors claim the 57 year old owes at least $1.3 million in taxes, after underreporting his sales by $18 million between 2009 and 2013.
He appeared in bond court via video feed, claiming that he had not committed any fraud.
His bail was set at $250,000.
Bulthaup must show the source of any funds used to post his bond, and must surrender his passport.
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