MINNEAPOLIS, MINNESOTA – Thomas Thanh Pham, a 53-year-old serial fraudster from Burnsville, has been sentenced to 84 months in prison followed by three years of supervised release for defrauding a California electronics manufacturing business.
Pham, the CEO of Enterprise Products, LLC, devised a scheme to defraud a California-based company of approximately $1.2 million between 2019 and 2020.
Pham held himself out as a broker with supposed business relationships with large, well-known companies, claiming he could arrange service agreements between an electronic manufacturing services company based in San Jose, California (identified as Victim A) and his ostensible business affiliates in the electronics and technology sectors.
Pham began a series of discussions with Victim A, in which he pitched that Enterprise Products could facilitate multi-million-dollar manufacturing and repair contracts between Victim A and large electronics companies. None of that was true.
As part of the scheme, Pham supplied Victim A with bogus documents, including fabricated contracts, correspondence, and business proposals. Pham first required Victim A to pay a “deposit bond” in the amount of $1,278,000 and then caused the initial delivery to Victim A in California of approximately 20 samples of electronic devices that supposedly required repairs by Victim A.
Pham has a history of fraud offenses, having received his first criminal conviction 32 years ago. Since then, he has been convicted of numerous fraud offenses, including felony theft of property and false statements for property.
According to Acting U.S. Attorney Joseph H. Thompson, “Pham is a serial fraudster who has demonstrated that he will not stop until he is stopped. Thanks to the hard work of law enforcement, for the next 84 months, Pham will be where he belongs—in prison.”
Pham has been ordered to pay restitution in the amount of $2,943,840.
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Key Facts
- State: Minnesota
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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