Danh Ngoc Nguyen, Filing False Tax Return, Texas 2006

HOUSTON - A local restaurant owner has been brought to justice for his involvement in a serious tax fraud scheme.

Danh Ngoc Nguyen, co-owner of Pho Danh Restaurant in Houston, has entered a plea of guilty to filing a false federal income tax return, announced United States Attorney Kenneth Magidson today along with Lucy Cruz, special agent in charge of Internal Revenue Service - Criminal Investigation (IRS-CI).

The plea was entered late yesterday. Nguyen co-owned and operated a Pho Danh Restaurant at 11209 Bellaire Boulevard in Houston during 2003 through 2006. Nguyen admitted in the plea agreement to filing false federal income tax returns for the restaurant and for himself for each of those years that understated both the income of the restaurant and his personal income from the restaurant by approximately $240,356.

As part of his plea, Nguyen has agreed to make full restitution to the Internal Revenue Service (IRS) estimated to be at least $526,157 and to remain subject to additional IRS assessments of taxes, interest and penalties due as a result of these offenses.

Nguyen's crimes are serious and warrant severe punishment. He faces up to three years imprisonment and a criminal fine of up to $250,000. U.S. District Judge Lynn N. Hughes set a sentencing date of April 1, 2014.

The investigation into Nguyen's crimes was led by the IRS-CI, and Assistant United States Attorney Jimmy Sledge Jr. is prosecuting the case. This is a stark reminder that tax evasion will not be tolerated in our community, and those found guilty will face the full force of the law.

We urge all citizens to come forward with any information they may have regarding tax evasion or other financial crimes. Together, we can keep our community safe and prosperous.

Grimy Times

Source: https://www.justice.gov/usao-sdtx/pr/pho-danh-restaurant-owner-pleads-guilty-filing-false-tax-return