PHOENIX (AP) — A Scottsdale businessman has been sentenced to five years in prison after pleading guilty to conspiracy and tax evasion charges in a scheme that federal authorities said defrauded victims including property developers in country music-themed restaurant projects.
Court records say Frank Capri was sentenced last Thursday by U.S. District Judge John J Tuchi to concurrent sentences on each coun.
A plea agreement says Capri must pay up to $18 million of restitution to developers and other victims in fraudulent activity that included inflating project expenses to increase fees paid to him and siphoning off money for personal expenses.
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