Miami man accused of posing as CPA in $500K fraud scheme, as cops seek more victims

Miami police arrested a man accused of defrauding victims of more than $500,000 while allegedly posing as a certified public accountant, authorities said.

Francisco A. Marrero, 79, faces charges of organized scheme to defraud, grand theft, unlicensed public accountancy and money laundering involving a financial transaction.

Investigators said Marrero represented himself through his business, Mabro Business Consulting & Tax Corp., as a certified public accountant. The investigation began after victims reported that payments made to Marrero’s business were either not processed by the Internal Revenue Service (IRS) or were submitted in amounts lower than what was paid by check or Automated Clearing House (ACH) transfers.

Police said Marrero allegedly created and provided fraudulent vouchers as proof of payment as part of the scheme.

Detectives believe there may be additional victims who have not yet come forward. Anyone who may have been affected is urged to contact the Miami Police Financial Crimes Unit at 305-603-6280 or 305-579-6111.