ROCKFORD, Ill. (WTVO) — A Rockford man will spend 3 years in prison for defrauding the federal government with COVID-relief loans and engaging in tax fraud through a fake business called “Lootland Tax Prep.”
According to the U.S. Department of Justice, between 2021 and 2022, Absalom Hall, 37, used the Paycheck Protection Program (PPP) program to obtain approximately $85,401 in COVID-era relief loans by using false statements and misrepresentations on the multiple applications he submitted.
Additionally, Hall presented himself as a tax preparer, even though he did not have an IRS-issued tax ID number, and prepared tax returns for others and collected compensation for the service. He never reported the income on his 2021 or 2022 tax returns, prosecutors said…