WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

Former Bixby Energy CFO Gets 8 Years For Fraud, Tax Evasion

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Why Do People Want To Buy Things First?
  2. 4 Things To Know For Sept. 16, 2014
  3. Underground U Of M Lab Fights Food Terrorism
  4. Radisson Suspends Minnesota Vikings Sponsorship
  5. Peterson Allegations Give Vikings A PR Challenge

MINNEAPOLIS (WCCO) – A district court judge sentenced the former CFO of Bixby Energy Systems Monday to 97 months in prison for fraud and tax evasion.

Judge Susan Richard Nelson sentenced 65-year-old Dennis Desender to a little more than 8 years in prison for lying to investors and for failing to file tax returns for three years. According to the Department of Justice, the tax evasion resulted in a loss of $825,866 for the IRS.

Desender pleaded guilty to both securities fraud and tax evasion last year.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,857 other followers