GARLAND, Texas – The owner of a tax preparation company in Dallas pleaded guilty for defrauding the COVID-19 relief program to help struggling business owners.
What’s more is that he was already headed to prison for a six-year sentence for a previous tax fraud conviction.
Investigators didn’t say how they were tipped off, but some of his neighbors suspected he was up to something when they saw expensive cars he was driving around.
A 43-year-old Liberian national pleaded guilty on Tuesday to orchestrating a fraud scheme to get more than $23 million in money that was supposed to help small businesses struggling during the pandemic, according to the U.S. Attorney’s Office for the Northern District of Texas.
Steven Jalloul is an accountant. The listed address for his business is inside a North Dallas office building.
A recent home address is at an apartment complex in Garland, where neighbors say Jalloul drove fancy cars and wore high-end clothing.
It all started when the federal government rolled out $350 billion in forgivable PPP loans during the pandemic. It was meant to help struggling businesses pay and keep employees.
The feds, however, say Jalloul after his arrest last fall admitted while working as an accountant to…