Web Desk
DALLAS, Texas — A former tax preparer from Mansfield has been sentenced to nearly five years in federal prison for his involvement in a tax fraud scheme.
Festus Adenisimi, 65, pleaded guilty to conspiracy to defraud the United States and was sentenced on March 6, 2025, according to Acting U.S. Attorney for the Northern District of Texas, Chad E. Meacham.
Adenisimi, the owner of FA Tax, admitted to preparing fraudulent tax returns for clients, which resulted in improper IRS refunds. He also acknowledged falsifying his own tax returns.
Additionally, he confessed to fraudulently securing two Paycheck Protection Program (PPP) loans totaling $760,415 under the COVID-19 relief program.
U.S. Senior District Judge Barbara M. G. Lynn sentenced Adenisimi to 57 months in prison and ordered him to pay $10,283,737.65 in restitution.
This amount covers both the tax fraud and the PPP loan fraud, according to court documents.
The case was investigated by IRS-Criminal Investigations, and Assistant U.S. Attorney Marty Basu prosecuted the case.
