Bronx tax preparer known as the magician' admits to $145M fraud in decade-long IRS scam Bronx Times
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from www.bxtimes.com1 month ago
Rafael Alvarez, known as the 'Magician', orchestrated a $145 million tax fraud scheme over a decade, filing tens of thousands of false returns.
www.bxtimes.comhttps://www.bxtimes.com/bronx-tax-preparer-known-as-the-magician-admits-to-145m-fraud-in-decade-long-irs-scam/
Through his scheme, Alvarez inflated client refunds while generating $12 million for his own firm, greatly contributing to IRS revenue losses.
www.bxtimes.comhttps://www.bxtimes.com/bronx-tax-preparer-known-as-the-magician-admits-to-145m-fraud-in-decade-long-irs-scam/
Alvarez’s admission included making false statements to the IRS, showcasing the calculated nature of the fraud, which federal authorities deemed one of the largest ever.
www.bxtimes.comhttps://www.bxtimes.com/bronx-tax-preparer-known-as-the-magician-admits-to-145m-fraud-in-decade-long-irs-scam/
As part of his plea agreement, he will pay $145 million in restitution to the IRS, with a potential prison sentence of eight years looming.
www.bxtimes.comhttps://www.bxtimes.com/bronx-tax-preparer-known-as-the-magician-admits-to-145m-fraud-in-decade-long-irs-scam/
Read at www.bxtimes.com
#tax-fraud #rafael-alvarez #irs #federal-investigation #marble-hill
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