"

Estimated reading time: 1 minute, 5 seconds

Preparer Gets Prison in $2.3M PPP Fraud

Thursday, Nov 18 2021
News
Written by 

A South Florida tax preparer has been sentenced this week to two years for his role in seeking more than $2.3 million in Payroll Protection Program Funds.  Leonel Rivero, 35 submitted more than 118 fraudulent PPP loan applications.

Rivero, who operated the Rivero Tax Group,  and accomplices received about $975,582 in PPP loans, which he has agreed to forfeit. The conviction stemmed from wire fraud charges against the preparer to which he pled guilty.

Rivero falsified the applicant’s prior-year sole proprietorship income and expenses and submitted fraudulent IRS tax forms for each application.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 7098 times
Rate this item
(0 votes)
More in this category: « Xero Subs Rise 22.1% in North America Practice Ignition Snares $50 Million »
Bob Scott

Latest from Bob Scott

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline