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Des Moines Woman Sentenced to Prison for Filing False Tax Return
DES MOINES, IA – Julilath Kouangvan, 46, of Des Moines, Iowa, was sentenced to a lengthy prison term for her role in a complex scheme that left victims financially devastated. The U.S. Attorney’s Office for the Southern District of Iowa announced the sentencing on November 23, 2015.
Kouangvan was found guilty of filing a false tax return, a serious offense that carries significant penalties. The defendant’s actions were a clear breach of the public’s trust, and her sentence reflects the severity of her crimes.
According to the indictment, Kouangvan solicited investment funds from individuals between 2006 and 2009, promising them a high rate of return. However, she failed to invest the money as promised, using it for her own gain instead. This deceitful behavior is a hallmark of white-collar crime, and Kouangvan’s actions will not be tolerated.
The defendant’s plea agreement revealed that she had failed to account for the funds provided to her in her 2009 tax return. This omission led to a significant shortfall in her tax payments, which she was ordered to rectify as part of her sentence.
As a result of her crimes, Kouangvan was ordered to pay restitution in the amounts of $522,233.34 to the victims and $199,042 to the Internal Revenue Service. These figures represent the significant financial harm caused by her actions, and serve as a reminder of the importance of accountability in our justice system.
Kouangvan’s lengthy prison term of 14 months is a just outcome for her crimes, and serves as a warning to others who would engage in similar behavior. Her supervised release following her term of incarceration will also ensure that she remains accountable for her actions.
Investigations into this case were carried out by the Internal Revenue Service – Criminal Investigation, with the U.S. Attorney’s Office for the Southern District of Iowa prosecuting the case. The prosecution’s efforts have brought Kouangvan to justice, and have provided closure for her victims.
Key Facts
- State: Iowa
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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