A man from Burnsville, Minnesota, has admitted to a serious crime—defrauding an electronics company out of over $1.2 million. The man, Thomas Thanh Pham, pleaded guilty to wire fraud in a court hearing on January 3, 2025. This decision came after he was caught running a scheme to trick a California-based electronics company, known as Victim A, into giving him a huge sum of money.
The Fraudulent Scheme Begins
Between 2019 and 2020, Thomas Thanh Pham, who was the CEO of a company called Enterprise Products, LLC, convinced Victim A that he could help them secure large, profitable contracts with well-known companies in the electronics industry. He claimed to have special business relationships with these big companies, and that he could arrange agreements for Victim A to repair electronic devices.
Pham’s pitch seemed convincing at first. He told Victim A that his company could arrange service contracts worth millions of dollars, and that all they needed to do was pay a large deposit. Pham even provided fake documents, like contracts and emails, to make his story appear real.
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One of the key parts of Pham’s trick was that he required Victim A to pay a deposit bond of over $1.2 million. Victim A, believing they were making a legitimate investment, agreed to this. Pham promised them that they would get millions of dollars in return after they provided repair services for electronic devices.
Fake Products and Stolen Devices
Thomas Thanh Pham’s scheme didn’t stop with just the deposit. He went even further to make his lies seem more believable. To convince Victim A that he was actually going through with the contract, Pham arranged for a delivery of 20 “sample” electronic devices. These devices, which were supposed to need repairs, were sent to Victim A in California.
However, there was a big problem with these devices—Pham had stolen them. The samples that he sent were not in need of repairs, but were stolen goods. Victim A had no idea about this and believed that they were receiving legitimate products to work on. Pham’s plan seemed to be working, and he continued to make excuses and promises when Victim A started to ask about their money or the status of the contracts.
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As time passed, Victim A grew more suspicious about Pham’s behavior. They started asking questions about their money, demanding that it be returned. Pham, however, refused to give them their deposit back. Instead of keeping the money safely in a refundable escrow account, as he promised, Pham used the funds for personal transactions. This left Victim A with nothing, while Pham misused the money for his own benefit.
Thomas Thanh Pham Faces Justice
On January 3, 2025, Thomas Thanh Pham was finally caught and admitted to his crime. He pleaded guilty to one count of wire fraud in U.S. District Court before Judge Joan N. Ericksen. The case was investigated by the FBI, and Assistant U.S. Attorneys Matthew S. Ebert and Rebecca E. Kline are handling the prosecution.
Thomas Thanh Pham’s guilty plea brought an end to a long investigation, which revealed the full extent of his fraudulent actions. He had promised Victim A big contracts that never materialized and used the company’s money for his own personal gain. The crime hurt a business that was trying to expand and succeed in the electronics industry, and Pham’s actions ultimately left Victim A with nothing.
This case highlights the dangers of fraud in the business world and serves as a reminder that not everything that seems too good to be true is real. In this case, Thomas Thanh Pham’s lies and fake promises led to a significant loss for the victim. As Pham awaits sentencing, it is clear that his actions have caused serious damage to both his own reputation and the trust of the business world.
