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