A Quincy businessman will be trading in his briefcase for a prison jumpsuit after being sentenced for filing false corporate tax returns. Su Nguyen, 60, was handed an 18-month sentence followed by a year of supervised release for his role in a tax evasion scheme that involved hiding over $10 million in corporate revenue, according to the U.S. Attorney's Office.
In a federal court in Boston, Judge William G. Young also ordered the owner of General Employment Services to pay restitution amounting to $2,090,192.77. Nguyen, who pleaded guilty in May 2024 to three counts of aiding and assisting in the filing of false returns, apparently cashed a significant chunk of client checks at a Worcester check casher instead of depositing them into the business account. This move allowed him to avoid reporting the revenue and employee wages to the IRS, resulting in more than $2 million in due taxes.
Between 2016 and 2020, the employment agency operated by Nguyen received payments for temporary labor provided to clients across Massachusetts. Only a fraction of these payments were reported to the IRS, creating a substantial gap in tax revenue. The case was announced by a cast of officials, including United States Attorney Joshua S. Levy, IRS special agent Jonathan Wlodyka, and FBI special agent Jodi Cohen.
The rest of the scheme saw Nguyen using the covert cash to cover personal expenses and off-the-books employee wages, as reported by the U.S. Attorney's Office. Assistant U.S. Attorneys Christopher J. Markham and Kriss Basil of the Securities, Financial & Cyber Fraud Unit were credited with the prosecution of the case.
