Long Nguyen pleaded guilty last October to four counts of wire fraud. He was also ordered by the judge to pay almost $1.5 million in restitution and to forfeit $1 million.
An Alameda resident was sentenced to 30 months in prison after pleading guilty to defrauding at least 20 people out of millions of dollars, according to a news release from federal prosecutors. Long Nguyen pleaded guilty last October to four counts of wire fraud, according to the statement from the office of U.
S. Attorney for the Northern District Ismail J. Ramsey. Nguyen was also ordered by the judge to pay almost $1.5 million in restitution and to forfeit $1 million. According to the release, Nguyen admitted to making several false statements between September 2015 and July 2021 to entice his victims into giving him money, which he then used to enrich himself. Nguyen admitted to lying in telling clients that he was a billionaire who was starting his own hedge fund and that other people had invested with him and turned a significant profit. He also lied about opportunities for victim investors, claiming that he would and did invest victims’ money, providing them with monthly income.East Bay man allegedly killed and dismembered his fiancée. Police had been called over and over again to their homeHayward police officer injured when patrol SUV crashes while pursuing armed burglary suspects He admitted to creating fake screenshots of growing investment account balances to back his claims and falsely told victims that he would buy or had already bought them expensive cars and homes, according to the federal press release. According to the plea agreement, Nguyen admitted that he intended to defraud his victims and that he did not invest the majority of the money he received from his victims. Instead, he kept the money for personal use or to pay other victims back. According to the government’s sentencing memorandum, Nguyen continued to lie to his victims when they asked for their money back. He falsely told them he was being audited, that his accounts had been frozen, and that lawyers or the bank were reasons for the delay. He also sent fraudulent checks that his victims were unable to cash.Animal rescue group abandons dozens of dogs at California kennelA Pleasanton man allegedly killed and dismembered his fiancée. Police had been called over and over again to their home A Pleasanton man allegedly killed and dismembered his fiancée. Police had been called over and over again to their homeProp. 1: Where are voters favoring Newsom’s tightly contested mental health measure?Watch live: President Biden’s State of the Union speechMigrants report shelter staff limits hygiene products and say they fear retaliation for speaking out Charges: Texas bandits swipe nearly 19K worth of graphing calculators from eight east-metro Target stores
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CA state attorneys will be deployed to Alameda Co. to boost criminal prosecutionsGov. Newsom and AG Rob Bonta are partnering with Alameda Co. DA Pamela Price to deploy state attorneys to crack down on crime in Oakland and the East Bay.
Read more »
Newsom sending DOJ, National Guard attorneys to Alameda County to beef up prosecutionsThe governor framed the move as a partnership in the same vein as his April 2023 decision to send prosecutors into San Francisco to combat fentanyl trafficking.
Read more »
Cashmere Queen Lisa Yang Celebrated the Lunar New Year—and the Brand’s First 10 Years in Fashion—at Mr. ChowLisa Yang and Beverly Nguyen hosted a double celebration full of happiness and fun.
Read more »
A long, long time ago in a galaxy not so far awayEmploying massive data sets collected through NASA's James Webb Space Telescope, astronomers are unearthing clues to conditions existing in the early universe. The team has catalogued the ages of stars in the Wolf--Lundmark--Melotte (WLM) galaxy, constructing the most detailed picture of it yet, according to the researchers.
Read more »
KIRO Nights on dating rules, timeframes: How long is too long to wait?Deborah Graham's mention of the rule of threes provoked some polar opposite opinions from listeners.
Read more »
Alameda County DA Price answers questions from residents at community forumAlameda County District Attorney Pamela Price attended a community forum to address crime concerns on Tuesday.
Read more »