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Palos Heights tax preparer Hadi Isbaih is accused of steering millions of dollars in falsified PPP and EDIL loan applications to clients. (D’Ann Lawrence White/Patch)
CHICAGO – A Palos Heights tax preparer is accused of assisting customers in obtaining millions of dollars in loans under the Coronavirus Aid, Relief and Economic Security Act. Hadi Isbaih, 39, is charged with four counts of wire fraud.
Isbaih owned and operated Flash Tax Service Inc. a tax and investment consulting firm at 87th Street and Harlem Avenue in Bridgeview. According to the federal indictment, Isbaih submitted hundreds of Flash Tax customers PPP and EIDI falsified applications about customers businesses, such as gross revenue, expenses and number of employees. Through his false statements and misrepresentations, the feds allege that Isbaih steered millions of dollars of fraudulent PPP and EIDL loans and grants to Flash Tax clients.
Bridgeview tax preparer accused of defrauding COVID-19 aid programs
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Palos Heights man charged with submitting fraudulent COVID relief fund applications: feds
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Chicago A suburban Chicago tax preparer has been indicted on federal fraud charges for allegedly fraudulently assisting customers in obtaining millions of dollars in loans under the Coronavirus Aid, Relief, and Economic Security Act.
Hadi Isbaih of Palos Heights, Ill., was charged in an indictment returned Monday in the Northern District of Illinois with four counts of wire fraud. An initial court appearance is scheduled for today at 2:15 p.m. before U.S. Magistrate Judge Beth W. Jantz.
The indictment was announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; Tamera Cantu, Acting Special Agent-in-Charge of the IRS Criminal Investigation Division in Chicago; Emmerson Buie, Jr., Special Agent-in-Charge of the Chicago Field Office of the FBI; and Sharon Johnson, Special Agent-in-Charge of the Central Region of the U.S. Small Business Administration Office of Inspector General. The government is represented by Assistant U.S. Attorney Nichola