City yanks license for Bronx produce shop used as front

Written By Unknown on Selasa, 25 Juni 2013 | 17.08

A Bronx produce peddler who was running his shop as a front for his son's business lost his license today, according to the city's Business Integrity Commission.

Dae Soo Yu, 51, operated 3's Produce at the Bronx Terminal Market last year until the BIC shut him down because he didn't disclose a TKYEAR grand larceny conviction for stealing $128,000 from a former employer.

Yu, however, didn't take the rejecton seriously.

In February, he opened another produce wholesaler, called S&M Tropical Corp., on Longfellow Avenue, right next to the market under his father's name, Sam Nam Yu, 70, legal papers show.

BIC investigators discovered that the father actually running the business for his son, who was rarely showing up at the new site.

And at a March hearing to determine whether S&M Tropical deserved a license to operate, the father was unable to name any of his 10 clients, according to a ruling made public yesterday.

He also was unable to provide the names of one of his three employees and the first name of his manager — even though he claimed to have hired all of these employees, the ruling notes.

As a result, the company's license was pulled.

The investigation "keeps the markets a level playing field for legitimate businesses," said BIC Commissioner and chair Shari C. Hyman.

Neither the elder or younger Yu could be reached for comment.

BIC oversees about 2,000 vendors who operate waste-hauling businesses or in other regulated industries to make sure they're free from corruption or Mafia influence.

Philip.Messing@nypost.com


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