California contractor gets prison in tax case
SANTA ANA, Calif. (AP) — A Southern California military contractor who failed to report millions earned from providing services in Iraq has been sentenced to four years in federal prison.
Prosecutors say Nadim Saifan Jr. of Huntington Beach was sentenced Friday. He pleaded guilty in May to attempted tax evasion.
Authorities say his company received nearly $16 million from the U.S. military to provide services at Baghdad International Airport from 2004 to 2007.
However, prosecutors say he listed only a small fraction of that income on corporate tax returns and used bank accounts in Lebanon to conceal some money.
Authorities also say he cheated on his personal income taxes by failing to report corporate funds he used for personal expenses, such as buying a Ferrari and a Rolls-Royce.