ORANGE COUNTY DISTRICT ATTORNEY NEWS RELEASE
Case # 16NF1108, 17NF0497, 17NF0498
Date: March 10, 2017
*Two co-defendants charged with embezzling $1.5 million and $2.3 million respectively
SANTA ANA, Calif. – The former Finance Services Manager for the City of Placentia (Placentia) was sentenced today to 25 years in state prison for embezzling approximately $5.2 million from the city. Michael Minh Nguyen, 34, Irvine, pleaded guilty to 36 felony counts of misappropriation of public funds, 67 felony counts of money laundering, two felony counts of falsifying records, and one felony count of making a non-sufficient funds check, with sentencing enhancements for aggravated white collar crime over $500,000 and property loss over $3.2 million. In addition to prison, Nguyen was ordered to pay $2,649,155.57 in restitution to Placentia and was fined $10,321,471. Continue reading