ShareThis Page
Peace, love and 5 years probation for Pittsburgh-based donut maker |

Peace, love and 5 years probation for Pittsburgh-based donut maker

The founder of a Pittsburgh-based donut shop chain will spend five years on probation for under reporting his income in 2010 and hiding business assets during a 2011 bankruptcy proceeding, a federal judge ruled Thursday.

Ronald Razete, 56, of Moon pleaded guilty in June to filing a false income tax return and concealing bankruptcy assets. U.S. District Judge Donetta Ambrose also ordered him to pay $40,350 in restitution to the government.

Razete told the Internal Revenue Service he was unemployed and nearly bankrupt when his Smithfield Street business, Peace, Love and Little Donuts, actually made a profit of $195,000 in 2010, federal prosecutors said. He reported his gross income as $16,261.

When Razete filed for Chapter 7 bankruptcy to settle more than $400,000 in debts, he included a defunct business, Marci’s Fun Foods, in his assets but not the donut business, Assistant U.S. Attorney Greg Melucci previously said. When a bankruptcy trustee found out about the donut business, Razete claimed it was a “brand” that generated less than $1,000 a month, Melucci said.

Razete has 22 Peace, Love and Little Donuts franchises in Pennsylvania, Ohio, West Virginia, Florida, Oregon and Utah. One is located in Irwin. Other locations around Western Pennsylvania include the Strip District and Oakland in Pittsburgh, Bridgeville, Bethel Park, Monroeville, Pine and Robinson.

TribLIVE commenting policy

You are solely responsible for your comments and by using you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.