Washington County Businessman Gets Prison Time
A federal judge has sentenced a Washington County businessman to a one year and one day term in federal prison for conspiracy to defraud the IRS and filing a false bankruptcy declaration in connection with his companies. According to a report in the Pittsburgh Post Gazette, U.S. District Judge Arthur Schwab also gave 71-year-old George Retos a two-year probationary term when he gets out of prison. Retos, who owns Prime Plastics and Plastic Power in Washington, had pleaded guilty last year to the IRS and bankruptcy fraud charges, and also accepted responsibility for a wire fraud charge in another scheme to fleece Pennsylvania’s unemployment compensation system. Authorities alleged that instead of paying the IRS, Retos spent hundreds of thousands of dollars in business funds from both of his companies by issuing business checks to himself and his family in addition to debit card purchases and ATM withdrawals at the Meadows in Washington County and a casino in Las Vegas.