New York tax preparer called ‘the Magician’ charged for tax fraud of $145m

In the decade-long scheme, Rafael Alvarez provided false documents that reduced individuals' tax burden

A New York tax preparer known as the Magician" has pleaded guilty to filing tens of thousands of false tax returns costing the government $145m in tax loses.

Rafael Alvarez perpetrated and oversaw one of the largest ever tax frauds by a return preparer, according to prosecutors in the southern district of New York.