Financial Fraud: James Davis Sentenced Conspiracy, Honest Services Wire Fraud And Filing False Federal Tax Returns

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Philadelphia Business Man Sentenced to Prison for Honest Services Fraud, Tax Crimes, and Conspiracy

<h2>Philadelphia Business Man Sentenced to Prison for Honest Services Fraud&comma; Tax Crimes&comma; and Conspiracy<&sol;h2>&NewLine;<p>PHILADELPHIA&comma; PA – United States Attorney William M&period; McSwain announced today that James Davis&comma; the former vendor who operated Sheriff Sales for the Philadelphia Sheriff’s Office&comma; was sentenced today to 121 months’ imprisonment&comma; and ordered to pay &dollar;872&comma;395&period;00 in restitution to the Internal Revenue Service and &dollar;1&period;718&comma;540&period;00 in forfeiture&period; The sentence was imposed by United States District Judge Wendy Beetlestone&period;<&sol;p>&NewLine;<p>In April 2018&comma; after a six-week trial&comma; a federal jury convicted Davis of conspiracy&comma; honest services wire fraud&comma; filing false federal tax returns for 2007&comma; and willful failure to file federal tax returns for 2008&comma; 2009&comma; and 2010&period; The conspiracy and honest services fraud counts charged Davis with defrauding the citizens of Philadelphia of the honest services of the Sheriff of Philadelphia&comma; John Green&comma; from 2002 to 2011&comma; by giving Green a hidden stream of personal benefits in exchange for Davis and his companies maintaining and receiving increased business and fees from the Sheriff’s Office&period;<&sol;p>&NewLine;<p>The indictment charged Davis with &lpar;1&rpar; purchasing&comma; renovating and selling a home to Green at a loss to Davis in 2002 and 2003&comma; which was not reported on Green’s <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"912">financial<&sol;a> disclosure forms&semi; &lpar;2&rpar; hiring and paying Green’s wife over &dollar;89&comma;000 as a subcontractor from 2004 through 2010&comma; which was not reported to the City&semi; &lpar;3&rpar; facilitating over &dollar;65&comma;000 in hidden campaign contributions to Green’s 2007 reelection campaign&comma; which was not reported in Green’s campaign reports&semi; &lpar;4&rpar; paying &dollar;148&comma;000 in advertising for Green’s 2007 reelection campaign&comma; which was not reported in Green’s campaign reports&semi; and &lpar;5&rpar; giving Green&comma; in 2010&comma; &dollar;320&comma;000 as gifts and interest-free loans to help Green purchase a retirement home in Florida&period; In exchange&comma; Green helped Davis maintain and increase his business with the Sheriff’s Office&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The citizens of Philadelphia are entitled to the honest services of their public servants&comma; and James Davis’s actions deprived them of that from the Philadelphia Sheriff’s Office&comma;” said U&period;S&period; Attorney McSwain&period; &OpenCurlyDoubleQuote;Davis received millions of dollars of business from the Philadelphia Sheriff’s Office&comma; having obtained nearly exclusive control over the operation of the Sheriff sales and receiving over &dollar;7 million in advertising fees for those sales&period; The sentence imposed today sends a powerful message to public servants and vendors who choose to do business by their own set of rules&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;There&&num;8217&semi;s an old saying that you have to spend money to make money&comma;” said Michael T&period; Harpster&comma; Special Agent in Charge of the FBI&&num;8217&semi;s Philadelphia Division&period; &OpenCurlyDoubleQuote;Certainly&comma; this is not the way to do it&period; James Davis brazenly bribed then-Sheriff Green in order to boost his businesses&period; This illicit quid pro quo deprived Philadelphians of the honest services they expect and deserve from those who hold elected office&period; The FBI is committed to fighting such corruption&comma; which does real and lasting damage to the public trust&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;James Davis willfully and intentionally violated his legal duty to file his tax returns and pay the correct amount of tax&comma;” said IRS Criminal Investigation Special Agent in Charge Guy Ficco&period; &&num;8220&semi;The courts have overwhelmingly and consistently shown that people who engage in such criminal behavior will be held accountable&semi; as evidenced by the sentence handed down today&period;”<&sol;p>&NewLine;<p>The case was investigated by the Federal Bureau of Investigation&comma; Internal Revenue Service&comma; Criminal Investigation&comma; and Office of Inspector General&comma; City of Philadelphia&comma; and is being prosecuted by Assistant United States Attorneys Sarah L&period; Grieb and Christopher Diviny and Department of Justice Trial Attorney Jennifer A&period; Clarke&period;&Tab;&Tab;&Tab;&Tab;<&sol;p>&NewLine;

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