MIAMI (CBSMiami) – A South Florida tax preparer is facing federal charges in connection with a scheme to obtain over 100 COVID-19-relief loans under the Paycheck Protection Program.
Federal authorities say Leonel Rivero, 35, owned a tax-preparation business and submitted approximately 118 fraudulent PPP loan applications on behalf of himself and his accomplices.READ MORE: Walt Disney World Debuts "Genie" And "Genie+" Which Create Customized Daily Itineraries
The applications sought more than $2.3 million in PPP loans.
Rivero is accused of falsifying the applicant’s prior-year income, expenses and submitted fraudulent IRS tax forms.READ MORE: Woman Killed In Florida City Bus Stop Shooting
Federal authorities contend Rivero and his accomplices allegedly received approximately $975,582 in PPP loans as a result of the fraud.
Rivero is scheduled for his initial court appearance on March 23 in the U.S. District Court for the Southern District of Florida.MORE NEWS: Supply Chain Issues: 'There Really Are Problems Everywhere,' Even For Small Companies
If convicted, he faces a maximum penalty of 20 years in prison.