Developer buys bars at center of tax fraud case

GRAND RAPIDS, Mich. (WOOD) – A father and son sent to federal prison  for stealing cash from their Grand Rapids-area businesses have sold two  of their three bars.

Grand Rapids-based Third Coast Development now owns Kuzzin’s Lounge  on Grand Rapids’ West Side and Drake’s Pub in Wyoming. The developer  says it has already started renovating the bars. Both have new lighting  and stricter security.

“We don’t want a full rebrand or completely change what they are.  We’re looking to polish the existing history of them,” Third Coast  managing party Tony Knight told 24 Hour News 8 over the phone Sunday.

Third Coast says it was interested in purchasing Farah’s bar in Grand  Rapids, as well — but despite being sentenced to prison time and fines,  the Farah family is keeping that one and an expansion is still in the works.

Father and son Michael and Brian Farah admitted to skimming about $408,000 from their bars over two years and failing  to report the income on their taxes. The scam was discovered during an  IRS audit.

Full Story on WOODTV8


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