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Preparer Accused of Seeking 118 PPP Loans

Wednesday, Mar 17 2021
Tax
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A South Florida tax preparer has been accused of seeking more than $2.3 million in loans under the Paycheck Protection Program. Leonel Rivero, 35, of Miami, has charged with wire fraud in connection with a scheme to fraudulently obtain the COVID-19 relief loans under the PPP program.

The Department of Justice alleges Rivero, who owned a tax preparation business, prepared the applications on behalf of himself and accomplices, whose names were not mentioned in the DOJ press release announcing the actions. Rivero is alleged to have falsified each applicant’s prior-year income and expenses on the PPP loan applications. He and his accomplices allegedly received about $975,582 in PPP loan disbursements

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
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