Guilty plea in loan sharking scheme

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Updated: 6/17 6:55 am

SANTA ANA, Calif. (AP) — An Orange County businessman accused of running a loan sharking scheme and hiring a police officer as his "enforcer" has pleaded guilty after reaching a deal with federal prosecutors.

The Los Angeles Times reported Monday that Kevin Tuan Khanh Do entered a guilty plea to a single count of making a false statement to a federal agency.

Prosecutors had said Do charged a lounge owner in Santa Ana's Little Saigon a 60 percent annual interest rate after lending her $170,000.

Prosecutors agreed to drop other charges against Do after he cooperated with Department of Justice officials.

Meanwhile, the trial of Anthony Duong Donner, a former Westminster police officer accused of being an enforcer for Do, has been pushed back until June 2015.


©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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