BOSTON – Su Nguyen, 60, of Quincy, Massachusetts, is facing serious time after pleading guilty yesterday to a calculated scheme to defraud the United States government. Nguyen admitted to deliberately hiding over $10 million in corporate income from the Internal Revenue Service, a brazen attempt to avoid paying what was rightfully owed.
The guilty plea stems from Nguyen’s operation of General Employment Services (GES), a temporary employment agency operating within Massachusetts, between 2016 and 2020. While GES received payments from clients via check, Nguyen implemented a two-tiered system: a small fraction of checks were deposited into a reported business account, while the vast majority – exceeding $10 million – were cashed at a check cashing facility in Worcester.
This wasn’t about legitimate business practice; it was about evasion. Nguyen pocketed the cash, using it for personal expenses and to pay some employee wages off the books. Crucially, neither the cash income nor the unreported wages were ever disclosed to the IRS, resulting in a staggering tax loss of over $2 million. The scheme was uncovered following an investigation by federal authorities.
U.S. Senior District Court Judge William G. Young has scheduled Nguyen’s sentencing for September 5, 2024. Nguyen was originally indicted by a federal grand jury in October 2023. Each count of aiding and assisting the filing of false tax returns carries a potential sentence of up to three years in prison, one year of supervised release, and a hefty fine of up to $250,000. The final sentence will be determined by Judge Young, considering U.S. Sentencing Guidelines and relevant statutes.
“This case demonstrates a clear disregard for the law and a deliberate attempt to deprive the government of revenue,” said Acting United States Attorney Joshua S. Levy in a statement. The investigation was a joint effort spearheaded by Harry T. Chavis, Jr., Special Agent in Charge of the IRS’s Criminal Investigation in Boston, and Jodi Cohen, Special Agent in Charge of the FBI’s Boston Division.
Assistant U.S. Attorney Christopher J. Markham of the Securities, Financial & Cyber Fraud Unit is prosecuting the case, signaling a continued federal focus on cracking down on complex financial crimes. The Grimy Times will continue to follow this case and report on the sentencing of Su Nguyen, as well as other instances of financial wrongdoing within the federal system.
Related Federal Cases
- Lynn Man Admits $52K Income Scam · Massachusetts
- Quincy Man Bilked Feds Out of $2M in Taxes, Pleads Guilty · Massachusetts
- Greenfield Woman Hid $486k from Bank · Massachusetts
- Rhode Island Man Gets 3 Years for Pandemic Theft · Massachusetts
- Middleboro Adviser Rips Off Seniors, Gets 4+ Years · Massachusetts
Key Facts
- State: Massachusetts
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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