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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.