Print this page

Estimated reading time: 0 minutes, 27 seconds

Preparer Gets Prison in $2.3M PPP Fraud

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.

Read 6730 times
Rate this item
(0 votes)