Arizona man gets 5 years in prison in restaurant fraud case
PHOENIX - A Scottsdale businessman has been sentenced to five years in prison after pleading guilty to conspiracy and tax evasion charges in a scheme that federal authorities said defrauded victims that included property developers in country music-themed restaurant projects.
Frank Capri was sentenced on Feb. 24 by U.S. District Judge John J. Tuchi to concurrent sentences on each count, according to court records.
A plea agreement said Capri must pay up to $18 million of restitution to developers and other victims of fraudulent activity that included inflating project expenses to increase fees paid to him and siphoning off money for personal expenses, including over $2.7 million of jewelry purchases.
He also must pay restitution of over $1.5 million to the Internal Revenue Service for taxes due, the agreement said.
Arizona Headlines
- Woman expected to survive after being shot in west Phoenix: police
- Catalytic converter theft crime spree: 3 men arrested in Chandler, police say
- Officer injured during foot pursuit of suspect in Phoenix
Tune in to FOX 10 Phoenix for the latest news: