Impersonating a CPA and Miscounting His Bankruptcies Lead to Five Years

Nick Holquin, Jr. was a tax preparer in San Jose. He decided to invest in a Mississippi land development project. When the economy tanked, the project did, too.

Mr. Holquin was able to get twelve individuals to loan him money for this project. Unfortunately, he neglected to tell them about his bankruptcies. His attorney, Dennis Lempert, told the San Jose Mercury that he should have disclosed the one bankruptcy he was aware of. Trouble is, there were at least four others.

He also told clients he was a CPA. He wasn’t.

And the topper was that he neglected to file his own state tax returns…for the last 20 years.

Back in March Mr. Holquin pleaded no contest to tax evasion and fraud. He was sentenced on August 4th to 44 months in prison plus he must make total restitution to the fraud victims and the Franchise Tax Board of over $1.4 million.

This entry was posted on Monday, August 15th, 2011 at 3:34 am and is filed under Tax Fraud. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Impersonating a CPA and Miscounting His Bankruptcies Lead to Five Years”

  1. CPA Imposter Gets 5 Years says:
    August 15, 2011 at 1:15 pm

    […] Russ Fox reports about a tax preparer who got six years jail time for impersonating a CPA and defrauding investors: Nick Holquin, Jr. was a tax preparer in San Jose. He decided to invest in a Mississippi land development project. When the  economy tanked, the project did, too. […]