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BOSTON – A Worcester man was arrested on Friday and charged in federal court in Boston on wire fraud charges arising from his role running a Worcester employment agency.
Tam Vuong, 43, was charged with two counts of wire fraud and will appear in federal court in Worcester later today. Vuong oversaw UT Services in Worcester. According to the criminal complaint, while in his role overseeing and controlling UT Services, Vuong falsely told UT Services’ insurance carrier that the company had only one employee and an annual payroll of only $50,000.
However, UT Services had dozens of employees and a much larger payroll. Most of the UT Services employees were paid in cash as part of Vuong’s scheme to underreport wages and minimize its workers’ compensation insurance premium.
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Under Vuong’s watch, UT Services allegedly disseminated forged certificates of insurance to several clients and underreported its payroll on various state and federal filings.
Vuong has previously operated other employment agencies, including Prime Labor Services, which had revenues of more than $25 million and also underreported its wages, according to court documents.
In Nov. 2017, Vuong shifted operations from Prime Labor Services to UT Services after federal agents executed search warrants.
Vuong faces a sentence of no greater than 20 years in prison, up to three years of supervised release and a fine of up to $250,000 for each count of wire fraud.
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