Xyience Founder Pike Convicted on Tax Evasion Charges

Russell Pike started the brand, but if he drinks a Xyience Xenergy now it’ll probably have come from his canteen account after he was convicted on federal tax evasion charges in U.S. District Court in Nevada earlier this week.

Pike, 50, was convicted of evading taxes on the sale of roughly $5 million worth of Xyience stock in 2006, according to a report from Las Vegas’ KLAS-TV.

Pike faces up to five years in prison and a $250,000 fine; sentencing is set for July 2.