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Morgan City man sentenced to prison for omitting income on tax return

Posted: 5:32 PM, Aug 31, 2018
Updated: 2018-08-31 18:32:32-04

LAFAYETTE, La. – United States Attorney David C. Joseph announced today that a Morgan City man was sentenced to one year and three months in prison for failing to report more than $250,000 in income on his 2012 tax return.

Victory Nam Ho, 39, of Morgan City, Louisiana, was sentenced by U.S. District Judge Elizabeth E. Foote on one count of filing a false tax return. The defendant was also sentenced to one year of supervised release and was ordered to pay $69,167 in restitution.

According to the May 23, 2018, 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 IRS conducted the investigation. Assistant U.S. Attorney Kelly P. Uebinger prosecuted the case.