Texas man sentenced in $1.6 million oil equipment fraud
March 2, 2022
KANSAS CITY, Mo. (AP) — A Houston, Texas, man has been sentenced in Missouri to five years in federal prison for defrauding two brothers out of $1.6 million, which he used for trips to Las Vegas and other personal expenses.
Duc Nguyen, 58, was also ordered Monday to pay $1.6 million in restitution. He pleaded guilty in July 2021 to one count of wire fraud.
Prosecutors said Nguyen persuaded Phillip Hudnall of Lenexa, Kansas, and his brother, Brian Hudnall, of Kansas City, Missouri, to invest in a plan to buy, refurbish and sell used oil equipment.
Between August 2018 and June 2019, the bro...