A Roseville public accountant accused of tax fraud has had his state CPA license suspended.
The California Board of Accountancy announced today that is has suspended Larry Wayne Harmon's certified public accountant license. Harmon is accused of forging signatures of bank officers on defaulted vehicle loans to obtain more than $6 million in tax refunds from the California Board of Equalization.
The interim suspension order is intended to protect the public until an administrative hearing before the Board of Accountancy can be held, according to Patti Bowers, the board's executive officer.
Harmon, a Granite Bay resident, admitted to investigators that he filed on behalf of his company, Larry Harmon & Associates, fraudulent claims for tax refunds in excess of $6 million with the Board of Equalization, according to a CBA news release. He was arrested Jan. 9 and booked into Sacramento County Jail on suspicion of tax fraud. He was subsequently released on bail.