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Florida Man Admits to $4.2 Million False Tax Refund Scheme
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Subscribe15 JUL 2026 / ACCOUNTING & TAXES
McDonald Preval, a Miami local, admitted to filing a false tax return connected to a scheme that sought over $4.2 million in fraudulent refunds. He created fictitious trusts and inflated their income and tax withheld to create a perception of significant overpayment to the IRS, the refunds of which were then requested, revealing the serious extent to which tax refund fraud can be manipulated and emphasizing the importance for tax professionals to confirm the economic substance behind a refund claim.
A tax refund can look legitimate on paper even when the money behind it never existed. That is the central issue in a federal case involving McDonald Preval, a Miami man who admitted filing a false tax return connected to a scheme that sought more than $4...
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