Denver Business Owner Sentenced To Jail For Tax Evasion
WASHINGTON – Abdelhamid M. Horany, of Denver, was sentenced today to serve 12 months in prison for tax evasion, the Justice Department and the Internal Revenue Service (IRS) announced. Horany pleaded guilty in February 2014 to one count of tax evasion with respect to his 2007 individual income taxes.
According to court documents, Horany admitted that he owned and operated Euphrates Pizza, doing business as Famous Pizza, in Denver from at least 2003 through 2007. He further admitted to willfully underreporting the income he received from his business by approximately $175,000 on his 2007 income tax return, which resulted in Horany underreporting his tax due and owing by over $60,000 for 2007. In total, for tax years 2005 through 2007, Horany admitted that he underreported his tax due and owing by more than $145,000. Horany further admitted to making false statements to an IRS revenue agent regarding his tax liabilities. Horany was indicted in July 2012 after he had fled the United States to his native country of Jordan, and he has been detained since his arrest in October 2013.
The case was investigated by special agents of the IRS - Criminal Investigation, and Trial Attorneys Hayden Brockett and Timothy Stockwell of the Tax Division are prosecuting the case.