Twin Brothers Plead Guilty to Tax Crimes in Tee Time Resale Scheme
Brothers Se Youn and Hee Youn Kim admitted to underreporting over $1.3 million in income from a business that reserved and resold golf tee times, and from other sources.
Brothers Se Youn and Hee Youn Kim admitted to underreporting over $1.3 million in income from a business that reserved and resold golf tee times, and from other sources.
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Twin brothers Se Youn “Steve” Kim and Hee Youn “Ted” Kim have pleaded guilty to federal tax crimes related to their business of reserving and reselling thousands of golf course tee times in Southern California. The brothers admitted to failing to report over $1.3 million in combined income from the tee-time operation and other sources.
During a court hearing in Los Angeles, Steve Kim pleaded guilty to filing a false tax return, while Ted Kim pleaded guilty to tax evasion. Their plea agreements indicate that the income from the tee-time business was not fully quantified, but Steve Kim acknowledged omitting more than $27,500 from his 2021 tax return.
In addition to the tee-time business, the brothers also admitted to falsely claiming exemptions from federal income-tax withholding while employed as MRI technicians. The plea agreements stipulate that the brothers will pay at least $581,616 in restitution for tax losses that extend to years before their tee-time venture began.
The guilty pleas come as a new law, signed by Gov. Gavin Newsom, bans third-party brokers from advertising or selling tee time reservations at publicly owned golf courses without the operator's consent. This legislation was a response to widespread complaints about brokers acquiring and reselling tee times, particularly at Los Angeles municipal courses.
FAQ
What was the total unreported income admitted by the brothers?
The brothers admitted to more than $1.3 million in combined unreported income from their tee-time business and other sources.
What is the new law regarding golf tee times?
A new law prohibits third-party brokers from advertising, selling, or transferring tee time reservations at publicly owned golf courses without the written consent of the course operator.