LOS ANGELES—A Los Angeles-area accountant and tax return preparer was sentenced April 24 to 60 months in federal prison after admitting that he prepared fraudulent returns and submitted false documents to the Internal Revenue Service, IRS-Criminal Investigation announced (United States v. Placencia).
Mario Placencia was also ordered by U.S. District Judge S. James Oteroto to pay $1.2 million in restitution to IRS within 90 days.
Placencia pleaded guilty in July 2011 to two counts of aiding and assisting in the preparation of fraudulent tax returns and one count of submitting false documents to IRS, in an attempt to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.