SAN FRANCISCO WOMAN DID NOT REPORT $1.4M
A San Francisco woman was sentenced to 20 months in prison, to be followed by three years of supervised release, for her involvement in an embezzlement scheme and for filing a false tax return.
Suzie Moy Yuen, 53, of San Francisco, Calif., pleaded guilty to mail fraud and willfully subscribing to a false tax return. According to the plea agreement, Yuen served as an executive assistant to an individual for over ten years. The victim, who is now 99 years old, had given Yuen signature authority over two of his checking accounts. From 1999 and 2003, Yuen fraudulently used the victim’s checking accounts to pay her own bills and made false entries in the general ledger to conceal her fraud. Yuen admitted to embezzling more than $1.4 million.
Yuen also admitted that she failed to include in her tax returns the income she had embezzled from her employer.
In particular, Yuen omitted from her 1999 return about $127,000 she had stolen from the victim during that year. Yuen similarly failed to report her embezzled proceeds for each of calendar years 2000 through 2003, resulting in a total of approximately $1.4 million in fraudulent income. In all, Yuen owed the IRS, excluding interest and penalties, a total of $492,646.
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