Annandale Accountant Pleads Guilty To Tax Fraud

ALEXANDRIA, Va. – Stanley Kyungjin Cho, 50, of Annandale, Va., pleaded guilty today to two counts of felony tax fraud in connection with his personal income taxes and his accounting and tax preparation business, “Kyung Jin Cho, C.P.A., P.C.”

            Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and Thomas J. Kelly, Special Agent in Charge of the Internal Revenue Service Criminal Investigation’s Washington, D.C., Field Office, made the announcement after the plea was accepted by United States District Judge Leonie M. Brinkema.

            Cho faces a maximum penalty of three years in prison on each count when he is sentenced on June 7, 2013.  

            In a statement of facts filed with his plea agreement, Cho admitted to knowingly making false statements in his personal income tax returns for tax years 2008 through 2011.  The false statements resulted in Cho underpaying his federal income taxes by approximately $262,000.  Cho also admitted that, during the same three year period, he knowingly falsified a significant number of tax returns for his clients, resulting in additional losses to the federal government of at least $157,000.

            This case was investigated by the Internal Revenue Service.  Assistant United States Attorney Kosta S. Stojilkovic is prosecuting the case on behalf of the United States.

            A copy of this press release may be found on the website of the United States Attorney's Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae.  Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at http://www.vaed.uscourts.gov or on https://pcl.uscourts.gov.