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Press Release

Morgan City man pleads guilty to not reporting more than $250,000 on tax return

For Immediate Release
U.S. Attorney's Office, Western District of Louisiana

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.

Updated May 25, 2018

Financial Fraud