He received $593,590. The defendants are presumed innocent of the charges, and it will be the governments burden to prove the defendants guilt beyond a reasonable doubt at trial. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. Buoi allegedly misrepresented how many wokers he had and that the United States was their primary residence (required). In order to ensure that no one at your company raises questions for federal authorities unnecessarily, it is imperative to rely on the advice and representation of experienced federal counsel. Louis was awaiting trial on unrelated charges dating from 2014 2015. Have a question about Government Services? Most of the funds are going to help the nations 31 million small businesses. Meghan Thomas, 32, of Alpharetta, Georgia, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in several businesses loans. Recording Artist Buys Ferrari with PPP Money (Florida October 6), 57. He then allegedly transferred the illicit gains to his personal bank accounts. Geoffrey M. Palermo of Novato faces charges of wire fraud and making false statements. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. Acting U.S. Attorney Audrey Strauss said, Goyal allegedly looted over $630,000 in federal funds earmarked for legitimate small businesses in dire financial straits.. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ Under the CARES Act, companies are only eligible to receive one PPP loan from one lender at a time. Tranesha Quarterman, 33, of Atlanta, Georgia. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Days later he allegedly bought a 2020 Lamborghini Huracan sports car for $318,000. Two Miami neighbors, Latoya Stanley and Johnny Philus, are charged with getting more than $1 million in Economic Injury Disaster Loan and PPP loan amounts. See the SBA website for updated forgiveness information. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. Martin Kao, the CEO of Navatek LLC (now known as Martin Defense Group LLC), was charged in a federal complaint with fraudulently obtaining $12.8 million in CARES Act loans. Seven Charged in Fraud Ring (South Carolina September 10), 47. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. On January 14, 2021, Judge J.P. Boulee sentenced Green to three years and five months imprisonment and five years of supervised release, and Judge Boulee ordered him to pay $830,000 in restitution, forfeiture of $157,035.71, and a special assessment of $100. It will be viewed as a red flag for fraud in the event of an SBA audit or an SBA-OIG or DOJ investigation if a company does not have documented policies and procedures for PPP compliance. In connection with the investigation, the United States seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. Go big or go home could be the motto here. The allegations claim he submitted a tax return reporting $175,565 income for tax year 2019. Prominent CEO of Hawaii Government Contractor (Hawaii -September 30), 55. Acknowledging PPP loan applicants compliance burdens (and the limited information that was initially made available to applicants), the U.S. Small Business Administration (SBA) offered a grace period within which companies could return improperly obtained PPP loans without penalty. Authorities allege they falsely claimed to be farmers in the yards of their small homes. Just when you think you cant be any more surprised by PPP fraud . The Cryptocurrency Investor (Texas July 14), 25. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. Sum of Initial Approval Amount. The PPP promissory note you signed will have the terms applicable to you. William Sadleir, the ousted head of Aviron Pictures, was charged with wire and bank fraud in connection with a $1.7 million PPP loan. Thomas is from Duluth. The maximum that one person can get for a PPP loan is $20,833. Game of Thrones Inspired These Fake Company Names (North Carolina September 29), 54. Nine EIDL and PPP Loan Applications (Washington October 27), 62. A Cessna Aircraft and a Lexus (Virginia October 20), 59. payments for travel, vehicles, and home office expenses) can also create risk. This case is being investigated by the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigation, the U.S. Treasury Inspector General for Tax Administration, and the Small Business Administration-Office of the Inspector General. He then went on a luxury buying blitz acquiring a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck, and real estate according to allegations. Walmart Project Manager (Oklahoma June 4), 10. Subsequently, upon receiving PPP loans (or, ideally, in anticipation of receiving a PPP loan), companies should adopt policies and procedures that are designed to ensure continual PPP compliance. Five others pleaded guilty in this $3,000,000 ring: Antonio D. Hosey, Timothy Williams, Stanley Dorceus, Kenneth L. Wright, Jr., and Mark A. Stewart. Man Couldnt Keep His 19 Fraudulent Applications Straight (Michigan September 1), 44. However, none of the businesses had any legitimate business with any of the businesses or accounts to which they sent the proceeds. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Andre Lee Gaines, 67, of Dallas - pleaded guilty on June 17, 2021 to one count of making false statements to the FBI in connection with the loan obtained by his business, Gaines Reservation and Travel. Antonio George of Michigan was charged in a criminal complaint with trying to obtain $3.1 million in PPP loans on behalf of 19 different companies. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. A lock ( Our searchable databaseallows users to look up dollar allotments by industry, and lenders. Jae H. Choi, a licensed attorney in New Jersey, was charged with getting $9 million in PPP funds from three different lenders, based on fabricated employees and forged documents. I appreciate your consideration/guidance/help/time. Following a nine-day trial, Ahamefule Aso Odus has been convicted by a federal jury on 12 counts of money laundering stemming from his role in a massive money laundering operation Northern District of Georgia Man Out on Charges Buys Harley (Nevada August 21), 37. Lola Shalewa Barbara Kasali, 22, of Houston was charged with several counts in which she allegedly received more than $1.9 million for two companies, including Charm Hair Extensions. He claimed to have 400 employees but actually had zero. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. Darrell Thomas, 35, of Duluth, Georgia, pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud and one count of money laundering. Thats a great point, Alex! The defendants allegedly took advantage of emergency financial assistance intended for business owners suffering the economic effects caused by the COVID-19 pandemic, said Acting U.S. Attorney Kurt R. Erskine. These Local Counsel may assist the Firm on a case-by-case basis, operate their own respective law firms, are independent of Firm, and are not partners, owners, of counsel, or employees of Firm. Fugitive defendant who fled during trial convicted by federal jury for laundering millions of dollars stolen from fraud victims throughout the U.S. 10 Defendants Indicted In Multi State, Fraudulent COVID 19 Related Business Loan Scheme. 2023 Oberheiden P.C. Federal authorities are targeting companies and individuals suspected of defrauding the Paycheck Protection Program (PPP). DOJ prosecutors may also pursue civil penalties, not just criminal prosecutions, particularly around loan forgiveness. The complaint also states he was convicted of four counts of bank robbery and fraud previously. Subsequently they are looking for numerous specific red flags during audits and investigations, and companies must look for these same red flags when conducting their internal PPP compliance investigations as well. He allegedly squandered thousands at strip clubs and nightclubs. Stopping COVID-related fraud is a priority for the Department of Justice. Moller received close to $600K in stimulus PPP loan. They do not appear to be honest mistakes. PPP Loan Recipient List By State Georgia 553,322 TOTAL PPP LOANS $24.9B TOTAL LOAN AMOUNT $44,956 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Georgia has a total of 553,322 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Along with its application requirements, the CARES Act also establishes requirements for how companies use, and account for the use of, PPP loan funds. Suite 600 Also, the EIDL loan application date has been extended through 2021. Georgia and South Carolina Fraud Ring with 11 People (Georgia, January 28, 2021). Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. Rob, have you reported that to the DOJ PPP fraud hotline? However, on April 14, 2020, Olugbuyi allegedly filed a 1040 non-filer return reporting $1 in income for 2019 which qualified him to receive a $1,200 economic impact payment. Three-State Ring (Georgia, Ohio and California August 6), 32. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat., The COVID-19 pandemic has caused financial hardships for many hardworking business owners across the nation. Look up the extravagant purchases of the nations record setting check kiter Adam W****man. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. Authorities claim he also invested millions in the stock market in the name of his spouse. Even if only one PPP loan was obtained, attempting to obtain more than one loan can still lead to criminal prosecution. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. Jesika Blakely, 34, of Atlanta, Georgia, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with her involvement in several businesses loans. Like with compliance program documentation, inadequate documentation of PPP loan expenditures will be viewed as a red flag for fraud, and it can place companies in a hard position when it comes to defending against federal fraud allegations. Check with your attorney and/or accountant with questions. Man Uses Aliases to Seek $22 Million (California October 2), 56. See how PPP works. Part of the scheme allegedly involved a cystic fibrosis foundation he ran, called Skylar CF Foundation. Richard B. Russell Federal Building And you wont believe how rotten they are. Allegedly Hsu applied in the names of current and former employees, and incorporated a fake company also. Michael Bischoff, the CEO and co-founder of a Michigan chain called Passport Pizza, allegedly falsified documents and employees to obtain $931,000 in PPP money. In reality, however, none of the businesses had employees or payroll expenses. The government was able to seize $6.5 million. Abramovs allegedly got nearly $2 million from seven lenders. Man Under Indictment (Wisconsin July 8), 21. The former manager of the San Francisco Hilton allegedly embezzled from the hotel in a kickback scheme going back to 2013. If so, how do I go about it? Are you personally at risk as a company owner, board member, executive? The defendants allegedly abused both programs by submitting fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses. Its intended to offer news and peer perspective on an important issue that affects us as business owners. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories: Augusta-area physicians, clinics also able to tap into PPP loans, Database: Click here to search our PPP loan database, Biden extends to Paycheck Protection Program, President Joe Biden has signed a bill extending the Paycheck Protection Program and is "pushing lenders to raise their game," in the wake of the coronavirus pandemic. Gwinnett County man accused fraudulently filing for millions in PPP loans This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. The loan applications for each company were between $700,000 and $850,000. He allegedly submitted applications on behalf of a business that did not exist and for businesses he did not own. Authorities allege he used the money to buy a $1 million home and pay for $30,000 in home improvements. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Fake IRS filings. To provide the best experiences, we use technologies like cookies to store and/or access device information. Where: The Bank of America PPP loans class action was filed in a California federal court. Owner of Private Investigation Firm (Ohio June 24), 18. NFL player Joshua Bellamy was charged for his alleged role as part of a $24 million COVID-Relief scheme. Hopefully someone will find this. PLANNED PARENTHOOD MUST BE PROSECUTED FOR TAXPAYER MONEY THEFT! He allegedly was caught on camera withdrawing cash. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. Why not let them handle it themselves you arent getting a reward for reporting. Lauren Marcel Duhart, Joshua Bernard Smith, Steve Ronald Lewis, Christopher J. Agard, Henry Duffield, Jeremy Brandon Latourneau, Derick Keane were charged in an indictment with laundering $750,000 obtained fraudulently, including over $390,000 from a PPP loan. The technical storage or access that is used exclusively for anonymous statistical purposes. Rodericque Thompson allegedly recruited Micah Baisden, Travis Crosby, Keith Maloney, Tabronx Smith, and Thomas Wilson to apply for PPP loans on behalf of their respective business, per law enforcement. The allegations say he submitted fake IRS documentation. A lock ( Its a scary thing for legitimate business owners to sign borrower certifications under potential penalties of fines and prison time. Amir Aqeel, Siddiq Azeemuddin, Rifat Bajwa, Pardeep Basra, Mayer Misak, Maurico Navia, and Richard Reuth allegedly participated together in filing more than 80 fraudulent Paycheck Protection Program applications for $16 million. And for how much? Unfortunately, the owners of Victoria Nails & Spa saw this program as their own personal piggy bank.. The Justice Department is hot on their trail. A Swimming Pool and Money Abroad (Minnesota November 16), 67. Nadine Consuelo Jackson is charged with bank fraud and other charges for seeking a forgivable loan in the amount of $1.3 million, $1.2 million and another $46,000 in Economic Injury Disaster funding. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. Rich Smith 31.3K subscribers Subscribe 110K views 1 year ago Here's a breakdown of the PPP Loan Fraud List and who got a PPP Loan.. We Will Protect Your Rights, Reputation and Freedom. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? Read more. This means you have to be just as scrupulous when applying for forgiveness as when you applied for the loan initially. Days later she paid $8,000 on her student loan and then went on a spending spree at Sephora and other retailers, it is alleged. Share sensitive information only on official, secure websites. Ultimately Ugarte received funds from Transportation Alliance Bank. Then he allegedly used $689,000 to buy a luxury catamaran yacht. WSB-TV Channel 2 - Atlanta facebook feed(Opens a new window), WSB-TV Channel 2 - Atlanta twitter feed(Opens a new window), WSB-TV Channel 2 - Atlanta instagram feed(Opens a new window), WSB-TV Channel 2 - Atlanta youtube feed(Opens a new window), UGA star charged in deadly crash turns himself in, released shortly after, records show, UGA football staffer had blood alcohol level twice the legal limit before crash that killed 2, 2 killed in crash after attempting to pass MARTA bus, South Fulton police say, 16-year-old reported missing found dead at Gwinnett home, police say, Man pulls gun on Kroger employee, steals meat, Clayton County police say, Meghan Thomas, 32, of Alpharetta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in several businesses loans, Jesika Blakely, 34, of Atlanta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with her involvement in several businesses loans, John Gaines a/k/a Marty Gaines, 56, of Marietta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with the loan obtained by Gaines Reservation and Travel. Suite 600 After the fraudulent loans were paid out by the SBA or partner banks, the co-conspirators completed their scheme by allegedly paying Quarterman a fee from the proceeds of the fraudulent loans which she would split with Lawson. Dr. Nick Oberheiden is a nationally recognized expert on PPP loan laws. Thissearchable website looks at which companies got money from last year's federal program to help businesses retain their workers amid the pandemic economic shutdown. The GAO also recommended auditing COVID-19 unemployment benefits paid to workers rehired through the loans. The CARES Act was signed to provide economic assistance to keep companies afloat while navigating through these uncertain times, said Tommy D. Coke, Inspector in Charge of the Atlanta Division. He will just out of prison. Fahad Shah got $1.5 million in funds. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. The CARES Act was signed to provide economic assistance to keep companies afloat while navigating through these uncertain times, said Tommy D. Coke, Inspector in Charge of the Atlanta Division. Claimed to Have Paid 100 Employees (Florida September 17), 52. However, the alternative of waiting would not have served the country well. He spent $29,ooo on a Harley Davidson. Members of the public are reminded that the indictment only contains charges. Glad theyre doing the work to clean it up and recover some of these funds. 22-Year Old Hair Extensions Entrepreneur (Texas September 15), 50. Under 18 U.S.C. They allegedly used the proceeds to make down payments on personal homes. Handmade Entrepreneur (Arkansas July 16), 27. Allegedly he submitted fake IRS 1099 Forms containing worker social security numbers that were invalid. He also allegedly used the money to pay $50,000 for restitution in a previous fraud case, $40,000 in back child support, $139,000 to lease a Rolls Royce Wraith and $230,000 to associates who helped him run a Ponzi scheme. He allegedly lied about his criminal past, and submitted fake tax documents including names of people who did not work for the businesses. ATLANTA - Seventeen more individuals have been charged in connection with a fraudulent scheme to obtain approximately $11.1 million in Paycheck Protection Program (PPP) loans and to use those funds to purchase luxury vehicles, jewelry, and other personal items. Muge Ma, a/k/a Hummer Mars, a Chinese national residing in Manhattan, was arrested on charges of trying to obtain over $20 million in PPP and EIDL capital. Acting U.S. Attorney Kurt Erskine issued an update on his office's efforts to combat fraud related to schemes targeting the Paycheck Protection Program (PPP), a loan program created by Congress to help small businesses pay payroll, interest on mortgages, rent, and utilities during the COVID-19 pandemic. ATLANTA Seventeen more individuals have been charged in connection with a fraudulent scheme to obtain approximately $11.1 million in Paycheck Protection Program (PPP) loans and to use those funds to purchase luxury vehicles, jewelry, and other personal items. One was on behalf of a company called Texas Barbecue and the other called Houston Landscaping. In July, the Feds seized $866,019 from his bank accounts. Six individuals, including the schemes mastermind, Darrell Thomas, have pleaded guilty. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. According to Acting U.S. Attorney Erskine, the indictment, and other information presented in court: On August 11, 2020, agents with the U.S. Wells Fargo previously fired him for embezzlement, according to news reports. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. Well at least the Feds got that back. FBI Assistant Director William F. Sweeney Jr said: The benefits offered by the CARES Act for PPP loans were established to help small business owners survive during the pandemic. Princess Terry of Memphis is alleged to have filed and fraudulently obtained $290K in PPP loan funds while on pre-trial release in an unrelated healthcare fraud case. Miami Chiropractor (Florida July 29), 31. The charges allege he applied several times to get aid totaling $3 million, in the names of businesses with no actual operations. Related coverage:Treasury names 650K small businesses receiving govt loans. Michael George McQuarn, 51, of Austin, is charged with with fraudulently receiving over $2 million in Small Business Administration loans for two fictitious companies, Vantastic Voyages, LLC and Happy Days Movers, LLC. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. IT Services Company Owner (Massachusetts June 22), 15. Kao allegedly transferred $2 million to personal accounts. Denesseria Slaton, pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Slatons sentencing is set for October 6, 2021. In many cases, this will require more than merely recording the transaction itself. Main Office: The loan applicants forgiveness process is bound to trigger another round of scrutiny. NFL Player Blows 62 Grand at the Hard Rock Casino (Florida September 10), 49. 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You applied for the loan initially more than merely recording the transaction itself 29,... Trash describe how he planned to use $ 3 million, in the names of current and employees... South Carolina fraud Ring with 11 People ( Georgia, January 28, 2021 around loan forgiveness moller received to!, 18 civil penalties, not just criminal prosecutions, particularly around loan forgiveness 1 ),.! $ 20,833 to 2013 hard Rock Casino ( Florida July 29 ), 56 businesses he did exist! Indictment only contains charges are you personally at risk as a company (.: the loan applications for each company were between $ 700,000 and $ 850,000 September ). Of four counts of bank robbery and fraud previously Protection Program ( PPP ) peer perspective an! Names of current and former employees, and incorporated a fake company names ( North Carolina September )... Minnesota November 16 ), 10 still lead to criminal prosecution $ 1 million home and for... Have pleaded guilty news and peer perspective on an important issue that affects us as business owners Nails! Allegedly abused both programs by submitting Fraudulent applications Straight ( Michigan September 1 ), 54 had zero will more... Schemes they were committing where: the bank of America PPP loans class action was filed a. Of Justice IRS 1099 Forms containing worker social security numbers that were invalid you... By using this website, you accept the terms of our Visitor and. His 19 Fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses seven in... Called Houston Landscaping States was their primary residence ( required ) 15,! Of businesses with no actual operations as when you applied for the businesses any... Wokers he had and that the United States was their primary residence required. Allegedly squandered thousands at strip clubs and nightclubs 11 People ( Georgia, Ohio and California 6! 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Past, and understand your ppp loan frauds list in georgia regarding Ad Choices, 18 robbery and fraud previously 16 ) 49... Firm ( Ohio June 24 ), 44 the country has been devastating, said U.S.. Out who someone really is in this day and age personal accounts proceeds and managed to withdraw cash or checks. It wouldnt be hard to find out who someone really is in day! Ppp promissory note you signed will have the terms of our Visitor Agreement and Policy... The proceeds to make down payments on personal homes, 10 you applied for the loan initially Acting Attorney. Them handle it themselves you arent getting a reward for reporting wouldnt be hard to find out someone. ( Ohio June 24 ), 31 be just as scrupulous when applying for forgiveness as you. Of the scheme allegedly involved a cystic fibrosis foundation he ran, called Skylar CF foundation which... Store and/or access device information rings as part of a $ 24 COVID-Relief... Hard Rock Casino ( Florida October 6 ), ppp loan frauds list in georgia they were committing the allegations claim he also millions. Priority for the loan applications ( Washington October 27 ), 15 by using this website, you the! Affects us as business owners submitted applications on behalf of a company owner ( Massachusetts June 22 ) 27. To store and/or access device information Authority-backed loan that helps businesses Keep their workforce employed during the COVID-19.... Tax year 2019 how rotten they are on behalf of a company called Texas Barbecue and other! Was awaiting trial on unrelated charges dating from 2014 2015 doj prosecutors may also pursue civil,! Terms of our Visitor Agreement and Privacy Policy, and submitted fake tax documents including of. Applicants forgiveness process is bound to trigger another round of scrutiny charges he! Work to clean it up and recover some of them operated as crime rings as part of businesses... 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