ORANGE COUNTY DISTRICT ATTORNEY PRESS RELEASE
Case # 16NF1108
Date: April 14, 2016
CITY OF PLACENTIA FINANCE SERVICES MANAGER ARRESTED ON CHARGES OF EMBEZZLING $4.3 MILLION
SANTA ANA, Calif. – The Finance Services Manager for the City of Placentia (Placentia) was arrested last night for embezzling $4.3 million from the city. Michael Minh Nguyen, 34, Irvine, is charged with 17 felony counts of misappropriation of public funds with sentencing enhancements for aggravated white collar crime over $500,000, and property loss over $3.2 million. If convicted, Nguyen faces a maximum sentence of 29 years in state prison and a fine of $8.6 million. The defendant was arrested last night, April 13, 2016, by Orange County District Attorney (OCDA) Bureau of Investigations, with the investigative assistance of the OCDA Public Integrity Team. Nguyen is being held on $4.3 million bail and must prove the money is from a legal and legitimate source before posting bond. The defendant is scheduled to be arraigned sometime today, April 14, 2016, in Department CJ-1, Central Jail, Santa Ana. Continue reading