"Antonietta Nguyen has been sentenced to 36 months in federal prison for her role in orchestrating multiple fraud schemes against ABS Seafood, Inc., a major seafood wholesaler in San Francisco where she had previously served as chief financial officer. U.S. District Judge Susan Illston sentenced Nguyen on Nov.14. She was convicted in June of 12 felony counts, following her arrest in June 2023."
"Evidence presented at her two-week trial showed how, Nguyen used her access to ABS Seafood's bank account and credit cards to divert millions of dollars to pay off her personal credit card, pay personal expenses on her corporate credit card, and authorize payment of fraudulent invoices from a seafood exporter in the Philippines that was formally owned by Nguyen's brother."
Antonietta Nguyen, former chief financial officer of ABS Seafood, Inc., was sentenced to 36 months in federal prison after conviction on 12 felony counts including wire fraud, conspiracy, money laundering, and tax evasion. Evidence at trial showed Nguyen diverted approximately $2.7 million from company bank accounts and credit cards from at least 2015 through 2020. She paid personal credit cards and expenses, authorized fraudulent invoices tied to a seafood exporter owned by her brother, and issued corporate cards to family members. Stolen funds covered property taxes, college tuition, and over $1 million in luxury goods she purchased and stored in a designated room.
Read at San Jose Inside
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