Dorchester Man Pleads Guilty To Mail Fraud

boston.fbi.gov, Feb 09, 2007

A current Dorchester resident pleaded guilty on January 26, 2007, in federal court to mail fraud and structuring financial transactions in connection with an investment scheme that defrauded over 20 victims of approximately $800,000. The plea came on the eve of trial which was scheduled to begin on January 29, 2007.

United States Attorney Michael J. Sullivan; Sharon E. Ormsby, Acting Special Agent in Charge of the Federal Bureau of Investigation in New England; and Douglas A. Bricker, Special Agent in Charge of the U.S. Internal Revenue Service, Criminal Investigation, announced that Chuong Van Duong, age 58, currently of Dorchester and formerly of Quincy, pleaded guilty before U.S. District Judge Reginald C. Lindsay to 14 counts of mail fraud and 5 counts of structuring financial transactions.

At the plea hearing, the prosecutor told the Court, that had the case proceeded to trial, the evidence would have proven that, between his arrival in the United States from Vietnam in 1993 and the summer of 1997, Duong worked as a machine operator. However, in 1995, Duong formed Asia Golden Dragon Corporation (“AGDC”) with himself as its President and one of its Directors. The incorporation documents described the company’s business activities as “International trade and foreign investment (including technology transfer) and all services relating thereto.” While Duong formed other Massachusetts corporations in later years, AGDC was the principal corporate entity through which he purported to conduct business with investors during the 1996-2003 period covered by the indictment. Duong defrauded over 20 victims of over $800,000 between 1996 and December 17, 2003, the day he was arrested. Read more at boston.fbi.gov