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Justice News

Department of Justice
U.S. Attorney’s Office
Western District of Louisiana

FOR IMMEDIATE RELEASE
Friday, May 25, 2018

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.

Topic(s): 
Financial Fraud
Updated May 25, 2018