Victory Nam Ho, Tax Evasion, Louisiana 2012

State: Louisiana
Category: White Collar Crime
Source: <a href="https://www.justice.gov/usao-wdla/pr/morgan-city-man-sentenced-15-months-prison-omitting-more-250000-income-tax-return" style="color:#cc0000;" target="_blank" rel="nofollow noopener">DOJ Press Release ÃƒÂ¢Ã¢â‚¬Â Ã¢â‚¬â€

A Morgan City man has been sentenced to 15 months in prison for a brazen tax evasion scheme that left the U.S. Treasury with a $69,167 hole.

Victory Nam Ho, 39, of Morgan City, Louisiana, was sentenced by U.S. District Judge Elizabeth E. Foote for filing a false tax return. Ho made $251,196 in 2012, but when he filed his taxes, he reported just $14,742 as his income, paying no income tax that year.

The IRS conducted the investigation, which found that Ho’s actions resulted in a significant loss of revenue for the U.S. Treasury. Assistant U.S. Attorney Kelly P. Uebinger prosecuted the case.

According to court documents, Ho engaged in stock transactions and made a significant profit in 2012, but chose not to report the income on his tax return. This decision allowed him to avoid paying any income tax that year, which would have resulted in a significant payment to the U.S. Treasury.

The case serves as a reminder of the importance of honest tax reporting and the consequences of failing to do so. Tax evasion is a serious crime that can result in significant penalties, including fines and imprisonment.

Ho was also sentenced to one year of supervised release and ordered to pay $69,167 in restitution. His sentence is a stark reminder that tax evasion will not be tolerated in this country.

The sentencing of Ho is a victory for the IRS and the U.S. Attorney’s Office, which worked tirelessly to bring this case to justice. It is a reminder that those who engage in tax evasion will be held accountable for their actions.

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