Mr. Taco owner enters guilty plea in federal case
AUSTIN – The owner of the Mr. Taco restaurant in Luling pleaded guilty Tuesday to structuring in connection with a federal case involving his business.
Bonisasio Magallanes entered his plea in federal court to “smurfing,” a term meaning he attempted to persuade his bank to not file the correct reports about deposits with the federal government, according to a news release.
Federal agents said the owner had his employees make cash deposits just under $10,000 in U.S. currency, then used the money to buy a home in Luling adjacent to the Mr. Taco restaurant. The Internal Revenue Service has seized the home.
Megallanes is out of jail on bond. Sentencing is expected in about three months.
The investigation was conducted jointly by The Texas State Comptroller’s Office, Texas Attorney General’s Office, and IRS Criminal Investigations Division.