United States Department of Justice Announces Guilty Plea for Staffing Firm Owner who Hid $10M in Income 

The United States Department of Justice announced the guilty plea of a man who hd $10 million in income by cashing checks from clients at a check cashing company.

BOSTON – A Quincy man pleaded guilty yesterday to filing false tax returns on behalf of his company that hid over $10 million in corporate income.

Su Nguyen, 60, pleaded guilty to aiding and assisting the filing of false tax returns. U.S. Senior District Court Judge William G. Young scheduled sentencing for Sept. 5, 2024. In October 2023, Nguyen was indicted by a federal grand jury.

Between 2016 and 2020, Nguyen was the owner and operator of General Employment Services (GES), a temporary employment agency operating in Massachusetts. Clients paid GES by check for the work performed by GES employees. Nguyen deposited a small number of client checks in a bank account that Nguyen used for GES business and reported that income to the IRS. However, Nguyen cashed the majority of client checks at a check casher located in Worcester and used that cash on himself and to pay some employees’ wages. In total, Nguyen cashed over $10 million in client checks and did not report that income or the wages paid in cash to the IRS. By doing so, Nguyen and GES failed to pay over $2 million in taxes.

Each count of aiding and assisting the filing of false tax returns provides for a sentence of up to three years in prison, up to one year of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

Acting United States Attorney Joshua S. Levy; Harry T. Chavis, Jr., Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston; and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement. Assistant U.S. Attorney Christopher J. Markham of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.

Updated May 7, 2024

Source: District of Massachusetts | Quincy Man Pleads Guilty to Hiding Over $10 Million in Corporate Income | United States Department of Justice

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