NEW YORK Dong Sun Mun, former owner and operator of Match Fashions Inc. ("Match Fashion"), pleaded guilty to federal payroll tax charges.

Mun owned, operated, and controlled Match Fashion, a Manhattan company in the business of providing sewing work for couture companies. From 2004 through late 2006, rather than depositing all of the checks received from the customers of Match Fashion into bank accounts, Mun cashed many of these checks at check-cashing establishments located in Manhattan.

Mun used the cash generated by this check-cashing activity to pay the employees of Match Fashion cash wages that were not reported to the Internal Revenue Service (the "IRS").

Mun, 50, resides in Palisades Park, New Jersey. He faces a maximum sentence of 5 years in prison on each of the two counts charged in the Information. He also faces a maximum fine of the greatest of $250,000, or twice the gross gain or loss from the offense.  He is scheduled to be sentenced on March 12, 2010.