On January 24, 2018, George Dfouni pled guilty to an information charging him with one count of wire fraud and one count of tax evasion.  Interim U.S. Attorney for the District of New Jersey Craig Carpenito announced that Dfouni, the Chief Operating Officer of a New York-based hospitality company, admitted to embezzling millions of dollars.  According to court filings and statements made in court, from 2007 through September 2015, Dfouni negotiated multiple contracts on behalf of the hospitality company.  The total contract amounts were directly transmitted to Dfouni in New Jersey.  Dfouni was expected to keep his signing bonus for each contract and transfer the remaining balance to the company.  Dfouni, however, skimmed a portion of each contract to support his personal expenses and he embezzled approximately $13,807,034 from the company.  Further, Dfouni admitted to willfully failing to report $27,739,113 in income to the IRS between 2007 and 2014.  Overall, the wire fraud charge is punishable by a maximum potential penalty of 20 years in prison, and the tax evasion charge is punishable by a maximum potential penalty of five years in prison.  Dfouni is scheduled for sentencing on April 30, 2018, before U.S. District Judge Katharine S. Hayden of the District of New Jersey.  United States v. Dfouni, case number unavailable (D.N.J.)

DOJ Press Release