Henry Lam Sentenced for Payroll Tax Avoidance and Fraud — $1,652,573 Restitution
RedMap Risk Score
80/100
CRITICAL RISK
Risk Signal Summary
Henry Lam was sentenced to 13 months in prison and ordered to pay $1,652,573 in restitution for payroll tax avoidance and workers’ compensation insurance fraud in Lowell, MA. He hid over $6.2 million in payroll and avoided more than $1.5 million in taxes.
Why This Matters
Governance and compliance anomalies in organizations managing public funds or charitable assets directly affect donors, beneficiaries, and taxpayers. The risk indicators identified in this report warrant further scrutiny by regulators, donors, and oversight bodies.
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Multiple related entities detected
🔒 Henry Lam has potential risk indicators with connected organizations. Unlock full network analysis.
Sign up free to unlock →Disclaimer: This report identifies risk indicators and unusual financial patterns based on publicly available IRS Form 990 data and government enforcement records. It does not assert fraud, criminal conduct, or legal violations. All findings are for informational purposes only and should not be construed as legal or financial advice.
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