October 5, 2022

Quin Ngoc Rudin has been sentenced to 10 years in prison after causing more than $62 million in losses to the IRS and Paycheck Protection Program (PPP) while on supervised release for another fraud scheme.  Through his California-based tax preparation business, Mana Tax Services, Rudin and his brother Thanh had filed a series of false PPP loan applications, with supporting false income tax returns, on behalf of professional athletes, small businesses, shell companies, and other business entities.  His actions caused over $19 million in losses to the IRS, and over $43 million in losses to the PPP.  USAO EDVA

Tagged in: Government Loan Programs, Tax Fraud,