Published: Aug 14, 2012 5:33 PM EDT

FORT MYERS, Fla.- A 27-year-old Cape Coral man was sentenced to 24 months in federal prison for preparing false and fraudulent income tax returns.

Alfred Ferreras was also ordered to pay restitution in the amount of $711,206.61, and serve one year of supervised release.

Ferreras pled guilty in May 2012.

According to the plea agreement, Ferreras prepared false tax returns for approximately 192 clients. Some of the returns he prepared contained false net losses from businesses. In some instances, Ferreras claimed First Time Home Buyer Credits, knowing that the clients did not qualify for the credits.