The head of a private family foundation has been convicted of failing to pay federal income tax on the value of scholarships paid by the foundation for tuition for his children. The charges were among several that caused James L. Wright to be sentenced to 33 months in prison and ordered to make restitution of $146,404. Wright acquired control of B & P Company, a company started in 1889 by his great-grandmother, that sells beauty products under the brand name Frownies. He set up a business to manage the company and used the business to pay himself, his wife, and each of his children, even though the children were in school at the time. He used B & P funds to pay house rent for his...