U. S. Attorney Andrew M. Luger | U.S. Department of Justice
A Burnsville man has admitted to defrauding an electronics manufacturing company out of over $1.2 million. U.S. Attorney Andrew M. Luger announced that Thomas Thanh Pham, aged 53, pleaded guilty to wire fraud.
Court documents reveal that between 2019 and 2020, Pham orchestrated a scheme targeting a California-based company for approximately $1.2 million. As the CEO of Enterprise Products, LLC, Pham claimed to offer consulting and financial services to engineering and manufacturing clients. He presented himself as a broker with connections to major companies and promised service agreements between an electronic manufacturing services firm in San Jose (referred to as Victim A) and his alleged business affiliates.
Pham's fraudulent activities began in June 2019 when he approached Victim A with proposals for lucrative manufacturing and repair contracts facilitated by Enterprise Products. To support his claims, he provided fake documents including contracts and business proposals. As part of the deception, Pham demanded a "deposit bond" totaling $1,278,000 from Victim A in exchange for anticipated multi-million-dollar repair services contracts.
Pham further misled Victim A by delivering about 20 electronic device samples purportedly needing repairs but failed to disclose they were stolen property. To maintain trust with Victim A after taking their money, he offered various excuses instead of returning funds held under false pretenses.
On January 3, 2025, Pham confessed to one count of wire fraud in U.S. District Court before Judge Joan N. Ericksen.
The FBI conducted the investigation leading to this case's development while Assistant U.S Attorneys Matthew S Ebert along with Rebecca E Kline are handling prosecution efforts.
