New York Attorney General Letitia James on Tuesday, Feb. 10, recovered more than $4.7 million from the owners of two New York City truck rental companies, Able Rentals, Inc. (Able) and Abarn Equipment Corp. (Abarn), and their accountant, Howard Zapken, for their roles in a decade-long sales tax evasion scheme.
James said an investigation by the Office of the Attorney General (OAG) found that the owners of the truck rental businesses, Myron and Martin Schulman, pocketed sales taxes that they collected from customers on more than $15 million in revenue from 2014 through 2024 by vastly underreporting their taxable sales to the state.
The New York Attorney General said Zapken, as founder of the accounting firm Zapken & Loeb (Z&L), helped the two businesses and their owners operate the scheme, which allowed them to avoid paying over $1.3 million in sales tax…