BOSTON – The man known as the king of Boston's cab industry who at one time owned nearly a fifth of the city's taxi medallions has been sentenced to spend a year and a half in a halfway house for federal tax and other violations.
The U.S. attorney's office in Boston says 67-year-old Edward Tutunjian, owner of Boston Cab, was sentenced on Tuesday to 20 months of probation.
The Belmont resident previously paid $2.3 million in restitution after pleading guilty to payroll tax evasion, employing drivers not in the U.S. legally, and failing to pay overtime wages.
Tutunjian has owned Boston cab since 1972. Prosecutors say he owned approximately 372 taxi medallions by 2014 and made millions of dollars in revenue, mostly in cash. Tutunjian has transferred the medallions to his wife.