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Preparer Gets 5 Years in Return Fraud

Prison BarsA Salem, Mass.-based tax preparer, who sought multiple government loans, has drawn five years in prison this month. Roosevelt Fernandez, had pled guilty to two counts of wire fraud and one count of aggravated id entity theft.

He must also pay $198,490 in restitution and forfeiture.

Starting about 2018, Fernandez operated a tax preparation busines, Soluciones Multi Service. He concocted W-2 forms to file federal and state tax returns on behalf of individuals without their knowledge.  These included at least 40 fraudulent returns, which requested $620,000 in refunds.

Also in May 2020, an Economic Income Payment was deposited into the same account. In June 2020, he submitted a false tax filing to support the application and received $129,400 deposited into a bank account the controlled. He withdrew more than $80,000 in cash over the next two weeks.

In August that year he received $149,900 via another EDIL loan application, which used phone tax filing information.

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
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