LOS ANGELES — A former sales manager was sentenced today to 18 months in federal prison for embezzling money owed to his employer and for knowingly filing false tax returns. Wing Hong Lee, 50, of Alhambra, was sentenced by United States District Judge Virginia A. Phillips. The court found that Lee exploited his position to embezzle $478,434 from his employer and then failed to report his ill-gotten gains to the IRS. In addition to the prison term, Judge Phillips ordered Lee to pay a total of $659,177 in restitution to his former employer and the IRS.
Lee pleaded guilty on March 13 one count of subscribing to a false tax return. Lee was employed as a sales manager by Maxtrade LLC, a South El Monte-based wholesaler and retailer of recreational vehicles and motorsports accessories. Lee processed customer orders for Maxtrade and created invoices for those orders. After the goods had been shipped and received by the customers, Lee falsely and fraudulently informed Maxtrade’s accounting department that the customers had canceled the orders and Lee pocketed the money the customers owed to Maxtrade for the goods they had received. Lee also admitted that he lied on his federal income tax returns for tax years 2010 through 2015 and owes $ 180,743 in income taxes.
IRS Criminal Investigation and the FBI investigated this matter.
At a time when trans rights are increasingly threatened, Democrats are distancing themselves from trans…
The motion also calls for the expansion of workfare and volunteer opportunities across county departments…
This launch marks a significant step in the state's ongoing effort to lower prescription drug…
After the Indiana University Media School fired its director of student media and banned…
LOS ANGELES — The Los Angeles Business Journal has given a top legal honor…
The Final 2024 Class 8 Drayage Truck Feasibility Assessment Report focuses on battery electric and…