Former Executive Of Virginia Company Sentenced To 5 Years For $580K Misappropriation

Iraj "Roger" Ahmadian, 54, of Williamsburg, Virginia and Memphis, Tennessee, was sentenced to 5 years in prison for misappropriating nearly $580,000 from Dillon Stone Corporation where he had been employed as Executive Vice President. According to authorities, Ahmadian received additional unauthorized paychecks and caused checks to be issued to fictitious subcontractor he created known as Phoenix Tile for his own benefit. The scheme spanned approximately four years, from 2003 to 2007. Ahmadian, who was indicted in February 2010 on 20 counts, plead guilty earlier this year to one felony count of bank fraud and one felony count of tax evasion.

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Hat tip: Reader Joe.