Antonietta Nguyen, the CFO of ABS Seafood, has been convicted of multiple counts of wire fraud after embezzling $2.7 million from the company over 6½ years. She misused company funds to finance personal luxuries, including travel and high-end goods. The fraudulent scheme was further complexified by an inflated invoicing scheme involving her family’s seafood exporting business. Prosecutors highlighted Nguyen's manipulations, where she hid inflated invoices, leading to significant losses for ABS Seafood, showcasing a grave breach of trust and misuse of her financial position.
Nguyen misappropriated $2.7 million over 6½ years through wire fraud, using funds for luxury goods, personal travel, and tuition.
As chief financial officer, Nguyen exploited her position to execute a fraudulent scheme involving inflated invoices and personal expenses being charged to the company.
Prosecutors highlighted Nguyen’s scheme to create false invoices, inflating the value of seafood from her family’s business, leading to substantial financial losses for ABS Seafood.
Nguyen's actions not only led to significant embezzlement but also involved laundering money through family members' accounts, demonstrating a complex web of deceit.
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