Java Jo'z CEO Snowden Sentenced for Income Tax Evasion and Conspiracy to Defraud
Roy Snowden has been sentenced to four years in prison and three years of supervised release for Evasion of Payment of Income Tax and Conspiracy to Defraud the IRS. He admitted that he failed to file accurate tax returns in the 1990s. In addition to not filing the tax returns he admitted that he set up new companies to transfer his assets to, to keep them out of the reach of the IRS.
We all know Mr. Snowden as the former owner of Java Jo'z, which sold its assets to Morg Morgan and Medina Holdings (Cuppy's Coffee's parent company) in May of 2006, and allegedly left multiple Java Jo'z licensee wondering what happened to their $30,000 deposit that they were told was refundable if a suitable location wasn't found.
