Kerwin Aldric Jordan, a tax preparer from the Santa Clarita Valley, pleaded guilty on May 4 to charges of aiding in the preparation of false federal income tax returns and wire fraud related to COVID-19 business relief loans.
Jordan, 71, admitted in his plea agreement that he included false information on federal income tax returns for his clients in order to obtain large refunds. He also filed fraudulent applications for Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), using the funds for unauthorized purposes. According to prosecutors, these actions caused substantial losses to the U.S. Treasury.
As president of The Jordan Corporation and owner of Jordan and Jordan A Financial Conquest, Jordan presented himself as a tax attorney and certified public accountant without holding those credentials. He prepared federal tax returns that reported non-existent businesses and fictitious losses for clients. In one case, he reduced a married couple’s $2 million income by claiming over $1 million in fake expenses, which resulted in a nearly $25,000 refund; the couple paid him almost $28,000 for preparing their return.
Between 2018 and 2023, Jordan filed more than 1,370 federal tax returns with total business losses exceeding $73 million. Prosecutors estimate that these filings led to more than $25 million in losses for the United States Treasury. On PPP loan applications alone he received $188,667; through EIDL applications he obtained an additional $276,600 by falsely reporting nonexistent employees at his companies.
United States District Judge Stephen V. Wilson has scheduled sentencing for October 5; Jordan faces up to 32 years in federal prison if given the statutory maximum sentence.
The IRS Criminal Investigation division investigated this case while Assistant United States Attorney Ranee A. Katzenstein and Matthew R. Hoffman of the Justice Department’s Criminal Division are prosecuting it.
The U.S. Attorney’s Office for the Central District of California serves more than 19 million residents across seven counties and focuses on prosecuting federal criminal cases as well as handling civil matters involving government interests according to its official website.
