Morgan City man pleads guilty to not reporting more than $250,000 on tax return
LAFAYETTE, La. – United States Attorney David C. Joseph announced that a Morgan City man pleaded guilty Wednesday to failing to report more than $250,000 in income on his 2012 tax return.
Victory Nam Ho, 39, of Morgan City, Louisiana, pleaded guilty before U.S. Magistrate Judge Carol Whitehurst to one count of filing a false tax return. The plea will become final when accepted by U.S. District Judge Elizabeth E. Foote. According to the guilty plea, Ho engaged in stock transactions and made $251,196 in 2012, but when he filed his taxes, he reported $14,742 as his income. As a result, he paid no income tax that year, which resulted in a loss of $69,167 to the U.S. Treasury.
The defendant faces up to three years in prison, one year of supervised release, restitution and a $100,000 fine. The court set an August 31, 2018 sentencing date.
The IRS conducted the investigation. Assistant U.S. Attorney Kelly P. Uebinger is prosecuting the case.