LAFAYETTE, La. (AP) - A Louisiana man has pleaded guilty to failing to report more than $250,000 in income on his 2012 tax return.
U.S. Attorney David C. Joseph, in a news release Friday, said 39-year-old Victory Nam Ho, of Morgan City, entered the plea last week 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 plea, Ho engaged in stock transactions and made $251,196 in 2012, but only reported $14,742 as his income. As a result, he paid no income tax that year, resulting in a $69,167 loss to the U.S. Treasury.
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Ho faces up to three years in prison, restitution and a fine. Sentencing is set for Aug. 31.
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