Ex-Cisco Exec to Pay IRS More Than $2.5 Million for Tax Fraud

A former executive at Cisco Systems Inc. must pay back more than $2.5 million to the IRS and will spend three years in prison for a tax fraud scheme he committed while employed with the company.

In 2013, Prithviraj “Roger” Bhikha, who was a senior director of global supplier management for Cisco, launched a kickback scheme while serving as a lead on a project to negotiate manufacturing savings with third-party vendors. He secretly created his own company, Lucena Limited, to serve as a vendor and received payments from another vendor. Lucena, incorporated in Hong Kong, received over $10 ...