• U.S. News
  • Local News
  • Politics
  • Finance
  • Weather News
  • More
    • Crime
    • Sports
KGLO News
  • U.S. News
  • Local News
  • Politics
  • Finance
  • Weather News
  • More
    • Crime
    • Sports
No Result
View All Result
  • U.S. News
  • Local News
  • Politics
  • Finance
  • Weather News
  • More
    • Crime
    • Sports
No Result
View All Result
KGLO News
No Result
View All Result

Mansfield Tax Preparer Sentenced to Nearly 5 Years for Tax and PPP Loan Fraud

Annie Abella by Annie Abella
March 12, 2025
in Crime, U.S. News
0
Mansfield Tax Preparer Sentenced to Nearly 5 Years for Tax and PPP Loan Fraud

A former tax preparer from Mansfield, who previously entered a guilty plea regarding the fraudulent preparation of tax returns, has been sentenced to nearly five years in federal prison, as announced by Acting U.S. Attorney Chad E. Meacham for the Northern District of Texas.

Festus Adenisimi, aged 65, pleaded guilty in September 2024 to a single count of Conspiracy to Defraud the United States. On March 6, 2025, U.S. Senior District Judge Barbara M. G. Lynn sentenced him to 57 months in federal incarceration and mandated that he pay restitution amounting to $10,283,737.65.

Court records indicate that Adenisimi was the proprietor of FA Tax, a tax preparation firm where he and other employees engaged in the preparation of fraudulent tax returns for clients, leading to unwarranted refunds issued by the IRS. He also confessed to the fraudulent preparation of his own tax returns.

In accordance with the plea agreement, Adenisimi acknowledged that he illicitly secured two Paycheck Protection Program (PPP) loans totaling $760,415 through the Small Business Administration’s COVID-19 relief initiative. The Court has ordered restitution related to both the tax fraud and the PPP loan fraud.

The investigation was conducted by IRS-Criminal Investigations, with Assistant U.S. Attorney Marty Basu overseeing the prosecution of this case.

Reference Article

Previous Post

Social Media Star Alysha Burney Dies in Mexico One Day Before 25th Birthday

Next Post

Missouri Father Found Guilty of Shooting Son’s Youth Football Coach Over Playing Time Dispute

Next Post
Guilty of Shooting Son’s Youth Football Coach Over Playing Time Dispute

Missouri Father Found Guilty of Shooting Son’s Youth Football Coach Over Playing Time Dispute

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • The judge found “no grounds” to suggest that the world junior player was feigning memory loss in the sexual assault trial.
  • ‘Will I perish?’: Ontario resident returns after enduring a 71-day legal battle in the Dominican Republic
  • ‘Avoid experiencing such periods of inactivity’: The reason behind a single police officer serving an Ontario town
  • By the year 2027, Ontario’s debt could reach a staggering half a trillion dollars, potentially breaking a record.
  • The Moncton Wildcats clinch the QMJHL championship, sending their fanbase into a frenzy of jubilation.

About Us

Welcome to KGLO News – Your Hometown News Station!

At KGLO News, we are dedicated to bringing you the latest news and stories from across the United States, with a special focus on local news from your state. Our mission is to provide timely, accurate, and engaging news coverage that keeps you informed about the events that matter most to you and your community.

Important Disclaimer

Disclaimer:  KGLO News is no longer affiliated with Alpha Media LLC. in any capacity.

Categories

  • Accident
  • Coins
  • Crime
  • Finance
  • Local News
  • Missing Person News
  • Politics
  • Sports
  • U.S. News
  • Weather News
  • Online Casinos

Important Pages

  • Privacy Policy
  • About Us
  • Advertise With US
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Ethics Policy
  • Fact-Checking Policy
  • Grievance Redressal
  • Terms and conditions
  • We Are Hiring
  • Categories
  • Important Pages

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

      © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.