A Fairfax Man Pleads Guilty to Money Laundering
Alexandria, Va. – In a shocking turn of events, Tuyen Huu Nguyen, a 54-year-old man from Fairfax, has pleaded guilty to conspiring to launder money on behalf of a group of individuals.
According to court documents, from at least 2014 through at least November 2015, Nguyen participated in a money laundering conspiracy in which co-conspirators obtained stolen funds and caused those funds to be transferred to Nguyen’s accounts.
Nguyen’s role was to move the funds to financial accounts located in the United States and in foreign countries. Some of the bank accounts that Nguyen used for his laundering activities were opened in the names of corporate entities that Nguyen owned and controlled but which did not have any employees.
In total, the amount of money intended to be laundered by Nguyen and his co-conspirators, in a manner that was reasonably foreseeable to Nguyen, was $1.365 million. The total amount actually laundered by Nguyen and his co-conspirators was $260,000.
Nguyen’s sentencing has been scheduled for August 10, 2018. The offense of conspiracy to commit money laundering carries a maximum term of incarceration of 20 years in prison. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.
Nguyen’s case is a stark reminder of the dangers of money laundering and the importance of law enforcement’s efforts to combat it. The guilty plea is a significant victory for the U.S. Attorney’s Office and the agencies involved in the investigation and prosecution of this case.
The U.S. Attorney’s Office for the Eastern District of Virginia, the Criminal Division, and U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) Washington, D.C. are working together to ensure that those involved in money laundering are held accountable for their crimes.
Key Facts
- State: Virginia
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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