John H. Durham, United States Attorney for the District of Connecticut, today announced that EDDIE CHAN, 58, of Norwalk, was sentenced yesterday by U.S. District Judge Jeffrey A. Meyer in New Haven to five years of probation for filing false tax returns.
According to court documents and statements made in court, CHAN was employed as a bookkeeper for a private art firm located in New York City. Between 2013 and 2015, CHAN withdrew funds from the firm’s business accounts without authorization from his employer, and used the money for personal expenses. CHAN failed to declare a total of $271,166 in misappropriated funds on his federal income tax returns for 2013 and 2014, resulting in a loss of $78,214 to the Internal Revenue Service.
CHAN admitted that he misappropriated additional funds from his former employer, and also borrowed thousands of dollars from other individuals, and used much of the money to gamble on horseracing.
On Oct. 26, 2017, CHAN pleaded guilty to one count of making a false statement on a federal income tax return
Judge Meyer ordered CHAN to pay approximately $500,000 in restitution to his former employer, and to cooperate with the IRS to pay all outstanding taxes, interest and penalties.
This case was investigated by the Internal Revenue Service - Criminal Investigation Division and was prosecuted by Assistant U.S. Attorney David J. Sheldon.
Source: U.S. Department of Justice, Office of the United States Attorneys
