Earlier today, Quincy resident Su Nguyen, was detained as a suspect in a case involving fraudulent tax returns hiding over $10 million in corporate income. Nguyen, who faced charges for aiding and assisting in the submission of these false tax returns, was released conditionally after an initial appearance in Boston's federal court, as reported by the United States Attorney's Office District of Massachusetts.
Nguyen, who owned and ran General Employment Services (GES), a temporary work agency in Massachusetts, allegedly deposited only a small percentage of the checks he received from clients into a GES bank account from 2016 to 2020. He allegedly cashed the unspecified majority at a Worcester check casher, using the money both for personal gain and as wages for some employees. This unreported income resulted in the evasion of over $2 million in taxes by both Nguyen and GES.
A conviction will subject Nguyen to up to three years in prison, a maximum of one year of supervised release, a fine reaching up to $250,000 for each count of aiding, and assisting in the submission of false tax returns. These penalties will be determined by a federal district court judge according to U.S. Sentencing Guidelines. Detailed information is available in the official charging documents.
