Long Island tax preparer bilked IRS out of $12M in COVID scheme she used to buy jewelry, a Honda - and even a house in DR: prosecutors

"Damaris Beltre allegedly stole over $12 million from the IRS through fraudulent tax returns and COVID-19 loan schemes, using the funds for luxury purchases."

Damaris Beltre, a tax preparer from Long Island, is accused of orchestrating a scheme to defraud the IRS out of $12 million by filing false tax returns and illegally obtaining Payroll Protection Program (PPP) loans during the COVID-19 pandemic. Federal prosecutors report that Beltre's wrongdoing included overcharging clients and submitting inaccurate deductions, ultimately allowing her to finance a lavish lifestyle, which included purchasing jewelry, a Honda, and a house in the Dominican Republic. The indictment cites 42 counts of fraud, with undercovers showcasing her deceptive practices to achieve substantial financial gain.

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