[UPDATED with Sentence:] Were You Ripped Off by Hoang Quoc Tathanhlong, Fake Financial Planner?
The 50-year-old, who did make a couple payments to the widow who bought into his phony investments, was also ordered to pay the remaining $463,000 in restitution.
He'd used the funds he stole for personal expenses, including buying himself a Mercedes-Benz.
Tathanhlong, who faced a maximum sentence of 15 years in the can, pleaded guilty on June 14 to one felony count of grand theft and two felony counts of using an untrue statement in the purchase or sale of a security with a sentencing enhancement for property loss over $200,000.
ORIGINAL POST, JAN. 21, 8:59 A.M.: Westminster 49-year-old Hoang Quoc Tathanhlong lied about being a certified financial planner while working at a funeral home and stealing more than $650,000 from a widow through fake investments before using the money for his own personal expenses, including buying himself a Mercedes-Benz, prosecutors allege.
They fear there may be other victims of Tathanhlong, who was being held on $670,000 bail awaiting his continued arraignment this morning in Santa Ana. If he is convicted of the charges against him, he could get up to 15 years in the pokey, according to the Orange County District Attorney's Office statement after the break.