A Portola Valley man who allegedly failed to pay $950,628 in taxes to the state and had more than $600,000 cash at his home has a March 16 trial date in San Mateo County Superior Court, according to county District Attorney Steve Wagstaffe.
Russell Deutsch, 60, operated Lobster Shack restaurants in Portola Valley, Redwood City and San Jose and allegedly failed to report accurate taxable sales from his businesses over eight years, according to the DA's office.
Deutsch pleaded not guilty in March 2016 to charges of tax evasion, grand theft and fraud. He remains out of custody on a $290,000 bail bond.
A defense motion to return the cash found at his home was denied in 2018, Wagstaffe said.
"We took possession of the $600,000 as evidence, and we'll use that toward paying the state if he is convicted," Wagstaffe said. "If he is acquitted, he will get it back."