Raleigh, Durham Businessman Charged in State Tax Case

Raleigh, NC

A businessman in Raleigh and Durham was arrested Friday on felony tax charges filed by the North Carolina Department of Revenue.

Thai Bao Doan, 39, of 5308 Lyon Farm Drive, Durham, North Carolina, was charged on June 29, 2018 with one count of Embezzlement of State Property, six counts of Embezzlement of Wake County property, and six counts of Embezzlement of Durham County property.

Arrest warrants allege that Thai Bao Doan, owner and responsible person of TD of NC, LLC, doing business as Menchie’s (a franchise company), assisted, or aided and abetted the LLC to embezzle, misapply, and convert to its own use $158,019.12 in North Carolina, Wake and Durham County sales taxes during the period December 1, 2011 through September 20, 2017.  During this period of time, Doan was the responsible person of the LLC, which was under a duty to collect, hold in trust, and remit North Carolina State Taxes to the North Carolina Department of Revenue. 

Doan appeared before a Wake County magistrate and was placed under a $150,000.00 secured bond.  A first appearance is scheduled for July 2, 2018 in Wake County District Court in Raleigh.

The charges against Doan resulted from an investigation by special agents with the Department’s Criminal Investigations Section in Raleigh.