Friday, March 8, 2024

Clothing Wholesaler Executive Sentenced to 4 Years in Prison for Customs Fraud Scheme to Avoid Paying Millions of Dollars in Duties

A Paramount-based clothing wholesale company executive was sentenced today to 48 months in federal prison for undervaluing imported garments in a scheme to avoid paying millions of dollars in customs duties.

Mohamed Daoud Ghacham, 40, of Bell, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong, who also ordered him to pay $6,390,781 in restitution.

Ghacham pleaded guilty in December 2022 to one count of conspiracy to pass false and fraudulent papers through a customhouse.

Ghacham’s company, Ghacham Inc., which does business under the “Platini” brand name, imported clothing from China and submitted fraudulent invoices to U.S. Customs and Border Protection (CBP) that undervalued the shipments, allowing the company to avoid paying the full amounts of tariffs owed on the imports.

Read more HERE.

No comments:

Post a Comment