The head of a tax preparation company in Hialeah Gardens did not fully succeed when, according to federal prosecutors, he submitted 118 sets of fake IRS forms in an attempt to raise more than $ 2.3 million in COVID relief PPP loans.
But, they say, Leonel Rivero of Rivero Tax Group got $ 975,582. This is why Rivero was indicted on Tuesday with one count of wire fraud in federal court in Miami.
Rivero’s first appearance in federal court is scheduled for next Tuesday.
State records show that Rivero registered Rivero Tax Group to do business in the state of Florida in May 2016.
The limit for a COVID PPP loan for a sole proprietorship is $ 20,833. There is more volume than layers in the scheme alleged in the prosecution documents – Rivero allegedly lied about the previous year’s income and expenses of 118 business owners as well as IRS forms loaded with fake phone numbers. the company.
Prosecution documents also indicate that $ 773,600 in cash was seized from Rivero’s home in September.