A former Atlanta paint company executive was sentenced to prison for embezzling more than $1 million from his employer.
DeMarco Doxie, 44, of South Bend, Ind., got four years and five months for stealing from Ennis Paint, a Dallas, Texas-based business that has an Atlanta facility where he worked.
He had been convicted in September 2014 after pleading guilty to all the charges in his indictment. The case was investigated by the FBI and the IRS.
Over more than four years of employment, from June 2007 through August 2011, Doxie used a sham business he created and owned to systematically embezzle large sums from Ennis, according to acting U.S. attorney John Horn, the charges and other court information.
Beginning in June 2007, Doxie created fake invoices for environmental work the company he set up had supposedly performed for Ennis.
“He created a fictitious company to bill Ennis for environmental and safety compliance work that his made-up company never performed, and then used a significant portion of the stolen money to upgrade and remodel his home,” Horn said.
Doxie also concealed the income and did not pay taxes on it, said IRS special agent in charge, Veronica Hyman-Pillot.
He under-reported his actual income to the IRS for tax years 2008, 2009, 2010, and 2011 by failing to include the income that he had received from the fraud. As a result, Doxie underpaid his taxes by nearly $300,000.
In addition, Doxie defrauded Ennis by using an American Express corporate card issued by Ennis that was supposed to be used for Ennis expenses. Doxie used the American Express company credit card to make payments to his sham company even though the company had not done any work for Ennis.
Doxie’s term in prison is to be followed by three years of supervised release. He was ordered to pay restitution of $1,008,417.49 to Ennis and $299,750 in restitution to the IRS.
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