Brandon Vi Tran, a 36-year-old man from Brooklyn Park, on Tuesday admitted in federal court to embezzling roughly $1.9 million from his employer, according to Minnesota's U.S. Attorney's office.
Tran, who was charged on May 2, pleaded guilty to one count of wire fraud and one count of money laundering.
Tran was employed as an accountant at Ramsey-based Diamond Graphics, Inc., where he was responsible for writing checks that were payable to various vendors. But Tran admitted in his plea agreement that between 2005 and October 2010 he embezzled funds by diverting such checks for his personal use, depositing them into his bank accounts.
He concealed his actions from his employer and "made misrepresentations to them concerning the financial condition of Diamond Graphics," according to the charges.
Tran faces up to 20 years in prison for the wire fraud count and a maximum of 10 years for the money laundering count. U.S. District Court Judge Patrick J. Schiltz will determine Tran's sentence at a future hearing, which has not yet been scheduled.