![]() ![]() Tier1's acquisition of Alessa is a step towards the digitalization of the entire client relationship workflow. Alessa also has a significant global footprint with organizations in the retail, healthcare, insurance and other corporate sectors with its continuous controls monitoring and fraud prevention capabilities. Terms of the transaction were not disclosed.Īlessa is an industry-recognized software solution that is used by banks, credit unions, money services businesses (MSBs), casinos and fintechs for compliance to global anti-money laundering (AML) regulations. 15, 2021 /PRNewswire/ - Tier1 Financial Solutions, a leading provider of client relationship management ("CRM") solutions, has acquired Alessa, a compliance and financial crime prevention solution. The acquisition positions Tier1 to significantly grow its portfolio of solutions to meet its ambitious goal to digitally transform processes within organizations for greater client insights, revenue protection, regulatory compliance and AI-driven automation. Trial Attorneys Christopher Strauss and Michael Landman, both of the Tax Division, along with Assistant United States Attorney Sue Fahami, are prosecuting the case.The acquisition expands Tier1's portfolio of digital transformation solutions to optimize client engagement, increase operational efficiency and reduce regulatory compliance risk, and is in conjunction with President Jiro Okochi's promotion to CEO of Tier1. ![]() IRS-Criminal Investigation investigated the case. A defendant is presumed innocent unless and until proven guilty. Alessa, Bowen, and Hayes also face a period of supervised release and monetary penalties.Īn indictment is an accusation. Alessa faces an additional five years in prison on the tax evasion count and an additional three years in prison on each false return count. If convicted, Alessa, Bowen, and Hayes each face a maximum sentence of five years in prison on the conspiracy counts. The indictment also charges Alessa individually with evading the payment of taxes, penalties and interest due and owing to the IRS for tax years 1998 through 2007, and with filing false income tax returns for 20. In order to further the scheme, the co-conspirators allegedly made false and misleading statements to the IRS, the United States Bankruptcy Court, and the United States Trustee’s office to convince the authorities that Alessa had no business activity and no source of income that could be used to pay Alessa’s outstanding tax debt to the IRS. Alessa, Bowen, and Hayes allegedly filed fraudulent documents with the IRS that disguised the commissions and other income earned by Alessa as income earned by Hayes. Alessa’s commissions and other earned income earned were allegedly recorded in Bowen’s company’s books in Hayes’s name and paid to Hayes instead of Alessa. The indictment charges that between 20 Alessa, Alessa’s longtime domestic partner Hayes, and Bowen conspired to conceal Alessa’s business activity and income from the IRS. Alessa allegedly did not voluntarily pay any of his outstanding debt to the IRS, and in 2013, Alessa filed a bankruptcy petition reporting that he owed a federal tax debt of $503,821 to the IRS. In 2006, the IRS began attempting to collect Alessa’s outstanding tax liabilities. During those years, Alessa allegedly accrued over $200,000 in unpaid federal income tax. Alessa worked for Bowen’s company on sales teams from 1998 to 2006. Trutanich for the District of Nevada.Īccording to the indictment, Bowen was the President and owner of a vacuum cleaner distributing company in Reno, Nevada. Zuckerman of the Justice Department’s Tax Division and United States Attorney Nicholas A. 7, 2019, a federal grand jury returned an indictment charging Saud Alessa, Jeffrey Bowen, and Jackie Hayes, with conspiring to defraud the Internal Revenue Service (IRS), and additionally charged Alessa with tax evasion and filing false tax returns, announced Principle Deputy Assistant Attorney General Richard E. ![]()
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