⏱ 2 min read
Nancy Maldonado Alvarez, a 43-year-old Mexican national, has been convicted of running a tax fraud scheme in Denver, Colorado, where she prepared false tax returns for clients, claiming refunds they weren’t entitled to. Alvarez owned and operated a tax preparation business in Denver, using it to fabricate business losses and claim credits for paid sick and family leave, even though many of her clients didn’t qualify. The scheme, which lasted for an unspecified amount of time, caused a loss to the United States exceeding $150,000.
Alvarez’s scam involved collecting preparation fees that sometimes exceeded $2,000 per return, often without her clients’ knowledge. She would fabricate business losses, often for non-existent businesses, and seek the paid sick and family leave credit, which was created to aid struggling businesses during the COVID-19 pandemic.
The IRS Criminal Investigation unit handled the investigation, and Assistant U.S. Attorney Tim Neff and Trial Attorney Daniel R. Glenn prosecuted the case. Senior United States District Judge John L. Kane presided over the trial, which resulted in Alvarez’s conviction on 37 counts of aiding or assisting in the preparation of false tax returns.
Alvarez is scheduled to be sentenced in August. The case is part of the Department of Justice’s efforts to combat fraud, including the creation of the National Fraud Enforcement Division, which was announced on April 7.
Related Federal Cases
- James Spaulding, Mail Fraud and Filing False Tax Returns, Colorado 2014 · Iowa
- Kalena Latoya Winston, Tax Return Fraud Scheme, Missouri 2016 · Tennessee
- William Sears, Securities Fraud, Colorado 2016 · Pennsylvania
- Kimberly Pitts, Wire Fraud, Colorado 2016 · Michigan
- Dane Thomas Wilson, Wire Fraud and Willful Failure to File Federal Income Tax Return, Oklahoma 2011 · Alabama
📋 Key Facts
- Crime: Fraud & Financial Crimes
- Defendant: Colorado
- Location: CO
- Source: DOJ Press Release
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