Press Release from the U.S. Department of Justice, United States Attorney, Eastern District of Pennsylvania (Full story in this week's PGN — online Thursday and in print Friday.)
An indictment 1 was filed today against the Palmer Social Club, located at 601 Spring Garden Street in Philadelphia, and its principal manager, Michael Weiss, charging that the club, a nonprofit corporation, committed federal income tax fraud by filing false tax returns as a nonprofit corporation, announced United States Attorney Michael L. Levy. The indictment further alleges that Weiss prepared false financial statements and gave them to the club’s accountant, knowing the accountant would use them to prepare tax returns and knowing the returns would defraud the Internal Revenue Service.
According to the indictment, the Palmer Social Club, which has held a federal income tax exemption since 1968, was aided and assisted by Michael Weiss, who, through his preparation of fraudulently financial statements, under-reported the amount of gross receipts the club had earned during a two year period, by approximately $1.6 million.
INFORMATION REGARDING THE DEFENDANTS
The Palmer Social Club Philadelphia, PA
Michael Weiss Philadelphia, PA
If convicted, the Palmer Social Club could face a maximum fine of approximately $350,000 under the Federal Sentencing Guidelines; Michael Weiss could face a nine year term of imprisonment, a fine of up to $750,000, and two years of supervised release.
The case was investigated by the Internal Revenue Service Criminal Investigation Division and is being prosecuted by Assistant United States Attorney Floyd J. Miller.
i don't know any of the players involved...it sounds like everyone else is bringing their personal baggage along for the ride. the fbi thinks weiss broke the law and segel reported it...who cares? it is a newspaper after all, is it not?
Maybe the building is just cursed to be owned by Assholes.
Who thought that Ronnie would look like a million.5 bucks right now
By the way good luck on beating a federal indictement in a recessed economy & dont forget to take HER with you. GOODBye Tre Rios.
Your specious reasoning, lack of understanding between what is libelous and slanderous and your personal attacks are far removed from the original topic.
My facts are straight and supported. Giving into personal attacks and taunting from people like you is never productive, even though it is good laugh for its absurdity.
For your information I don't work for the Weiss’, I have my own business and people like you make customer service oriented self starting business owners hate people, especially you. Makes me want to vomit and just shut down my restaurant and put all my 20 employees out of work and people wonder how come the economy is this bad. People like you have nothing better to do than sit on your asses and do nothing much but complain. I don't see you stimulating the economy besides your garbage nonsense. I hope they win and overcome this and shut your pie hole.
Every thing they touch just gets ruined. The only thing I can thank the Weisses for ( beside expensive water downed drinks) is that they gave me a reason to stay home.
I can only hope he gets the jail time he deserves.
However, these guys are gonna go down for more then fraud.
Im happy the IRS has caught up with them, and Im sure the FBI will be talking with them as well.
In the meantime, I'll continue to support other establishments in the community, and await the sentencing.
Im glad you had a good run Mike, but Im happy to see you go. (I hope you like stripes).
Anyone who's in the know is aware of their business practices and their penchant for trouble. Because of their close ties with the political system, they were able to function here in Philadelphia, and I'm glad the Attorney General's office finally caught on. Now, hopefully, the FBI will get involved, and shut them down completely.
With the development of the 13th street corridor, we were finally beginning to see change. Once the Weiss Brothers took over Woody's (mind you, a hostile takeover), and ran the trio of bars in the gayborhood, the neighborhood has once again become riddle with drugs, prostitution, and crime.
There is a direct correlation here. The crime, and drugs, and prostitution are surging because the Weiss Brothers allow it and hire those individuals who cater to that type of activity. And if you don't believe me, look at the crime reports since the buyout of Bump and Woody's by the organization.
As far as giving goes, don't try to appease this audience or this community with how much they give. Trying to get them to sponsor or host anything is a challenge. It's a challenge because you have to deal with their staff, who are completely hung up on their meth addictions and illicit activities.
If the PGN wants a story, they should do an indepth investigation of what goes down in these establishments.
It's time to put these brothers, and this organization, behind bars. They are a nuisance to the community.
Everything you are saying and the words you are using and the fact you allegedly use to work closely with Michael proves that you are just a disgruntled ex employee but worse to wish bad on anyone before their day in court is the most cowardly and callous of all. One must think that someone hiding behind a screen name has more to hide than anyone else or perhaps you are just jealous.
Also to those who think the Weiss’ doesn’t give back to the community, obviously you don’t know jack about them. There are two types of people that give back to the community… One that brags and swank about with everything he/she does and there are the ones that silently gives back because they don’t need to brag to the world. If you want to give to the community and show off, that is your choice but I wonder are you really giving back because the kindness of your heart or for bragging rights. On top of that, I rather have them donate to HIV Awareness, Health Clinics, MANNA, City of Hope, Action Aids, Human Rights and etc. than any stupid “gay” sports team and such. Which I know for a fact I personally know they did donate money to Mazzoni Center, go check their waiting room and you’ll see their names on the donation list on the TV!