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Pro Took $1.1M From Clients

A suburban Chicago tax preprarer has admitted taking more than $1.1 million from ten clients who gave him the money to pay federal and state tax bills.

Adam R. Oliva of Rolling Meadows, Ill., pleaded guilty to one count of wire fraud and one count of preparing a false tax return.

Oliva, who did business under various names, including Oliva and Associates and The Oliva Group, admitted in a plea agreement that from 2015 through 2020, he persuaded clients to give him money to pay income taxes.

Instead, he kept the money for himself and filed false tax returns which reported no or lower liabilities to keep the Internal Revenue Service from contacting clients about unpaid taxes.

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