Irvine Man agrees to plead guilty of tax evasion

SANTA ANA – A man from Irvine, Calif., Agreed to plead guilty of tax evasion for failing to report interest income from his Hong Kong and Singapore bank accounts, federal prosecutors said on April 13.

Jean Guy Minn, 56, a South Korean national who is a legal permanent resident of Irvine, was charged with tax evasion on April 13, according to the US Attorney’s Office.

Minn allegedly filed a 2016 tax return that did not show interest income of $ 552,454 from an overseas bank account. As a result, he didn’t pay $ 162,369 in federal income tax that year, prosecutors said.

Prosecutors filed an appeal agreement on April 13, in which the defendant admitted that he did not report interest income totaling $ 2,365,427 from 2010 to 2017. He has agreed to pay US $ 573,916 in taxes for those years and has yet to pay certain amount of fines, prosecutors said.

Minn has agreed to pay a 50 percent fine to a foreign bank account that contains approximately $ 18 million, prosecutors said.

His first appearance in federal court in Santa Ana is scheduled for April 26th.

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