@americasragingpolitics: 🚨 CALIFORNIA: CPA SENTENCED IN $5 MILLION TAX FRAUD SCHEME — AND HE KEPT FILING FALSE RETURNS EVEN AFTER PLEADING GUILTY! FAKE BUSINESS EXPENSES. PHONY CHARITABLE DONATIONS. BOGUS ENERGY TAX CREDITS. AND MILLIONS IN FRAUDULENT DEDUCTIONS! Federal prosecutors announced October 23 that Oladapo Olagbemi, 72, a San Diego certified public accountant, has been sentenced to 18 MONTHS IN FEDERAL PRISON. According to the Department of Justice, Olagbemi operated D.A.O. Accounting, Consulting, and Taxation, where he prepared thousands of fraudulent tax returns. HERE'S HOW THE SCHEME WORKED! Between tax years 2019 and 2023, he helped clients claim tax deductions and credits they were not entitled to receive. 💰 MORE THAN $5 MILLION IN IMPROPER DEDUCTIONS AND CREDITS! 💰 APPROXIMATELY $1.5 MILLION IN ACTUAL TAX LOSSES! 🚨 FOUR FEDERAL TAX FRAUD COUNTS! BUT HERE'S THE PART YOU CAN'T MAKE UP! Federal prosecutors say Olagbemi continued filing fraudulent tax returns even AFTER: Being investigated by California's accounting regulators. Being questioned by IRS investigators. Having his office searched by federal agents. PLEADING GUILTY TO FEDERAL TAX FRAUD! That's right. According to the DOJ, he filed at least one additional false tax return WHILE AWAITING SENTENCING! And his tax business reportedly generated nearly $1.2 MILLION IN GROSS REVENUE IN 2025 ALONE! During sentencing, the federal judge said Olagbemi had betrayed his clients' trust. HERE'S MY QUESTION: HOW DOES A TAX PREPARER CONTINUE FILING FALSE RETURNS AFTER FEDERAL INVESTIGATORS HAVE ALREADY EXPOSED HIS SCHEME — AND EVEN AFTER ADMITTING GUILT? #AmericasRagingPolitics#CaliforniaFraud#IRSFraud#TaxpayerMoney#DOJ

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Wednesday 28 October 2026 01:00:00 GMT