Ex-Hotel Exec Denied Reevaluation of $13.8 Million Wire Fraud

A former hospitality executive who plead guilty to wire fraud and tax evasion had his motion to reconsider the amount of restitution owed to a former employer denied because he had no new evidence, the Third Circuit said.

New York hotelier George Dfouni pled guilty to fraud committed while CEO of Amsterdam Hospitality Group in 2018. He was sentenced to 46 months in prison and was ordered to pay full restitution of $13.8 million to AHG and $7.8 million to the IRS. In 2019, Dfouni sought a reevaluation of the amount owed to AHG, asserting that the company ...