Boston, MA – In a gripping turn of justice, Somerville’s Yves Isidor, 68, was sentenced today to 18 months in federal prison for orchestrating a massive tax return fraud scheme. The seasoned tax preparer faces further supervised release and is permanently banned from preparing tax returns after his conviction on five counts of filing false returns.
Isidor operated under the guise of Tax and Realty Pro, where he prepared over 1,500 fraudulent returns between 2012 and 2020. His deceitful practices added fictitious medical, dental, charitable gifts, and unreimbursed business expenses to clients’ tax returns, leading to substantial refunds or reduced taxes that they were not entitled to.
Testimony revealed a chilling lack of disclosure from Isidor, with taxpayers claiming he never discussed the false items. An undercover agent’s video recording depicted Isidor manipulating information to generate fraudulent refunds. The scheme resulted in losses ranging from $250,000 to $500,000 for the Internal Revenue Service (IRS).
The court found that Isidor not only deceived his clients but also the IRS, leaving a wake of financial devastation. U.S. Senior District Court Judge William G. Young oversaw the sentencing, while Assistant U.S. Attorney Victor A. Wild and Trial Attorney Christina M. Grimes prosecuted the case.
United States Attorney Leah B. Foley; Thomas Demeo, Acting Special Agent in Charge of IRS Criminal Investigation, Boston Field Office; and Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Department of Justice Tax Division all played key roles in the investigation and prosecution of this egregious crime.
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Key Facts
- State: Massachusetts
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime|Public Corruption
- Source: Official Source ↗
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