Marlene Seo, of Arvada, CO pled guilty in court to one count of willfully making and subscribing to a fraudulent corporate income tax return, which means Seo knowingly filled the false return.
Seo was the owner and operator of the National Martial Arts Academy. From 2011 to 2013, she deposited income from her business into accounts she did not disclose to the corporation’s bookkeepers and accountants, which resulted in an underreporting of the business’s gross receipts by approximately $650,000 for the years 2011, 2012 and 2013. Seo is scheduled to be sentenced in February, 2019, where she faces three years in prison, supervised release, restitution and monetary penalties.
