Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Florida Tax Preparer Built a $4 Million PPP Scheme
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe11 MAY 2026 / ACCOUNTING & TAXES
Florida tax preparer Roody Metelus, owner of JRS Tax Services LLC, pleaded guilty to submitting over $4.1 million in fraudulent Paycheck Protection Program (PPP) loan applications during the pandemic. Metelus admitted to filing 200 fake loan applications, using false tax documents and fake business income data. He now faces up to five years in federal prison, along with $2.3 million in restitution.
When the pandemic hit, the U.S. government opened the money faucet fast. For legitimate small businesses, the Paycheck Protection Program (PPP) became a lifeline. For fraudsters, it became something else entirely, a nationwide treasure hunt with weak cont...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-1783514395.webp)
