Business Owner Sentenced to 10 Months in Federal Prison for Perjury

A Palo business owner who provided false testimony before the federal grand jury was sentenced on January 4, 2017, to 10 months in federal prison.

Daniel L. Davidson, age 32, from Palo, Iowa, received the prison term after an August 25, 2016, guilty plea to one count of perjury.

In a plea agreement and at the plea hearing, Davidson admitted he provided false testimony regarding his financial transactions with another person that was material to an ongoing criminal investigation.

Davidson was sentenced in Cedar Rapids by United States District Court Chief Judge Linda R. Reade. Davidson was sentenced to 10 months’ imprisonment and fined $20,000. A special assessment of $100 was imposed. He must also serve a 3-year term of supervised release after the prison term. There is no parole in the federal system.

Davidson was released on the conditions previously set and is to surrender to the United States Marshal on a date yet to be set.

The case was prosecuted by Assistant United States Attorney Matthew J. Cole and investigated by Internal Revenue Service-Criminal Investigations.

Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

The case file number is 16-CR-00070-LRR.

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