Authorities said the Glen Ridge tax preparer used false account statements and later a check-kiting scheme to obtain nearly $500,000 from banks; sentencing is set for June 23, 2026.
NEW JERSEY – A Bergen County-based accountant and tax preparer admitted in federal court this week that he ran a long-running Ponzi scheme that drew in about $10 million from clients and other investors and caused losses of about $3 million, and that he later used a check-kiting scheme to fraudulently obtain nearly $500,000 from banks, federal prosecutors said.…