Software Designer Gets 21 Months for Tax Evasion and Tax Conspiracy
Fayez Damra, aka Alex Damra, was sentenced to 21 months custody and three years supervised release. He was also fined $50,000 and ordered to pay $274,389 in restitution to the IRS.
Damra, 43, who resides in Henderson, Nev., was convicted by a jury of conspiring to defraud the United States in connection with an alleged conspiracy in which Fayez distributed funds from his computer software design corporation, known as Applied Innovation Management, to members of the Damra family, then deducting those funds as AIM expenses. Fayez was also convicted of attempting to evade and defeat approximately $184,788 in corporate income tax due from AIM for its 1999 tax year.
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Tags: Tax Conspiracy, tax evasion
