Ppp loan arrests. Zipora and Montreal Hudson Convicted of PPP Loan Fraud.

Ppp loan arrests Attorney Ismail J. ” Dec 17, 2024 · 118. To obtain a PPP loan, a qualifying small business was required to apply and provide information on its operations, including the number of Upchurch obtained over $400,000 as a result of the wire fraud in which he provided false information and concealed some material facts for PPP loan applications, the U. More than $5. 7 million, including more than $11. Feb 3, 2022 · February 3, 2022 — A Florida woman was sentenced today to 44 months in prison for defrauding the Paycheck Protection Program (PPP) of more than $3. Jul 7, 2020 · As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. 2 days ago · 1. 22, 2024 — Eleven defendants from Missouri, Kansas, Texas, and Washington have been indicted by a federal grand jury for their roles in a conspiracy that resulted in more than $220,000 in fraudulent Paycheck Protection Program (PPP) loans being issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Another example is Mississippi attorney and SBA employee LaKeith Faulkner, who was sentenced to 62 months and ordered to pay $10,600,000 in restitution for his role in a scheme Jul 19, 2024 · Two Tampa Bay residents have been arrested in separate incidents on multiple indictments of wire fraud following investigations they submitted false and fraudulent PPP loan applications. Attorney’s Office for the Eastern District of North Carolina announced today. The fraudulent applications grossly inflated the number of employees and wages being paid prior to the COVID-19 pandemic by backdating fraudulent IRS forms. The SBA, working with financial institutions around the country, was in charge of the nearly $900 million PPP loan Oct 17, 2024 · From April 2020 to April 2021, Aguilar conspired with others to submit seven fraudulent PPP loan applications and three fraudulent EIDL applications on behalf of four businesses. | <a href May 7, 2021 · SANTA ANA, California – An Orange County man was arrested today on federal charges alleging he fraudulently obtained approximately $5 million in Paycheck Protection Program (PPP) loans for his sham businesses, then used the money on himself, including purchasing Ferrari, Bentley and Lamborghini sports cars. Rosson Hamilton, 40, of Brandon, and David Antonetti, 28, of Riverview, face up to 20 years in federal prison for each count of wire fraud. However, as with many large-scale financial relief efforts, the program was marred by instances of fraud and abuse. 8K Likes, 2857 Comments. 4, 2025 at 12:52 PM EST | Updated: Feb. May 10, 2023 · May 10, 2023 — The U. Wilson, 44, of Belleville, is facing two counts of wire fraud, two counts of material false statement and two counts of material false document. 1 million from the Paycheck Protection Program (“PPP”). Apr 5, 2024 · The court separately sentenced Reginald Dewayne Rhodes, Jr. Williams, 35, of Corona Oct 17, 2024 · Lakeisha Black, also known as Lakeisha Pierce, charged people between $2,000 and $6,000 to prepare fraudulent applications for federal Paycheck Protection Program loans, including three former Brow… Dec 15, 2021 · A federal grand jury in Houston returned a superseding indictment, which was unsealed today, charging four additional individuals for fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Apr 14, 2022 · In his plea agreement, Polzin admitted to submitting 23 fraudulent loan applications for more than $3. 8 million in fraudulent PPP loans. ATLANTA – Johnny Narcisse, 46, of Atlanta, and his cousin Johnson Dieujuste, 37, of Loganville, have been sentenced to federal prison for orchestrating a fraudulent scheme that defrauded more than $2 million from the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) programs. 11, 2024 — A suburban Chicago businessman has been indicted on federal charges for allegedly scheming with a California man to fraudulently obtain more than $6. The Paycheck Protection Program (PPP) was designed to provide financial relief to businesses struggling during the COVID-19 pandemic. Oct 18, 2022 · The Department of Justice announced today new criminal charges, convictions, and sentences as part of its ongoing initiative to prosecute fraud in connection with various pandemic relief programs under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, including the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program, as well as As part of his guilty plea, Darrell Thomas admitted his participation in fraudulent conduct totaling more than $14. The indictment, which was returned by a grand jury on July 7, 2020, charged Tubbs with two counts of bank fraud, two counts of making a false statement on a loan application, and one count of engaging in a Dec 11, 2024 · Dec. Dec 12, 2024 · A federal jury convicted a Michigan businessman today of wire fraud for fraudulently obtaining a Payroll Protection Program (PPP) loan and loan forgiveness. He was also Aug 21, 2024 · Tamika N. Ross. Small Business Administration for a total of $600,284 in fraudulent PPP and EIDL loans. Oct 26, 2024 · Gonder, who lives in Port St. All defendants in the case have been convicted, with sentences ranging from probation to 15 years in prison. The total loss for the PPP fraud is $112,000. PPP loan arrests: 4 sentenced to 8 to 10 years in prison for millions of dollars in PPP loan fraud. The 2022 UT Austin study identified more than 1. government’s Payroll Protection Program (PPP), announced U. If the small business used the loan funds for approved purposes, such as payroll, the loan could be forgiven by the financial institution and paid for by the U. Postal Inspection Service (USPIS) New York Field Office and the NYPD assisted with these arrests. According to court documents and evidence presented at trial, Dale Thrush, of Farwell, owned and operated several automotive repair service locations and a gas station. J. After getting the loans, the defendants and others they involved, including their family members and close friends, used the money in ways that are not approved through the PPP, according to the grand jury indictment. 72. Six individuals, including the Jun 6, 2023 · The PPP was created by Congress to provide billions of dollars in forgivable loans to small businesses struggling to fund payroll and certain other qualifying business expenses because of the effects of the COVID-19 pandemic. The PPP was overseen by the SBA, which guaranteed loans issued, in the first instance, by commercial lenders. Battista, of Aston, Pennsylvania, filed 19 fraudulent applications for PPP and EIDL loans in 2020 and 2021, seeking over $10 million in loans. Feb 22, 2024 · Once the PPP loans were funded, the co-conspirators would pay her up to $5,000 for making and submitting the false loan applications. Battista allegedly supported his fraudulent loan applications by submitting fake tax documents, bank records and payroll summaries. 5 million in Paycheck Protection Program Sep 25, 2024 · Tampa, FL – United States Attorney Roger B. Administered by the Small Business Administration (SBA), the PPP offered forgivable loans to help businesses keep their workforce employed. Attorney Philip R. Small Business Administration. Lenders approved PPP loans for the defendants and more than 100 co-schemers. A Lauderhill, Florida, resident was arrested in July for aggravated identity theft and other crimes for using fictional and stolen identities to get three loans totaling Nov 30, 2021 · A Houston man was sentenced to nine years in prison for using money he got from Covid-19 relief funds to buy cars, a watch and a pay off a home loan, the Justice Department announced. Zipora and Montreal Hudson Convicted of PPP Loan Fraud. Federal court records show that in 2021, Jai’meka Michelle Austin and a co-conspirator decided to get fake business loans Oct 23, 2024 · PPP loan arrests: 4 sentenced to 8 to 10 years in prison for millions of dollars in PPP loan fraud. Jul 10, 2024 · The Paycheck Protection Program (PPP) was a COVID-19 pandemic relief program administered by the Small Business Administration (SBA) that provided forgivable loans to small businesses for job retention and certain other expenses. Aug 21, 2024 · Whitaker and Coleman created fraudulent supporting documents and applications for each PPP loan in exchange for 25% of the total loan proceeds. The PPP loan program was administered by the Small Business Administration (SBA) and provided forgivable loans to small Jul 22, 2021 · In the PPP loan applications, each business reported that it had approximately 60 employees and approximately $300,000 in average monthly payroll expenses. Ramsey, Internal Revenue Service Criminal Investigation Special The arrest nearly took place on the fifth anniversary of the global declaration of the COVID-19 pandemic in to attract clients that she helped apply for Paycheck Protection Program (PPP) loans. 50 and a wire transfer in the amount of $179,985. It was established in 2020 as part of the Coronavirus Aid, Relief Sep 1, 2023 · The indictment was unsealed on August 29, 2023. 2 trillion in pandemic loans the agency doled out — had Oct 4, 2024 · According to court documents, Michael Fullerton and Tiffany Fullerton, along with two other co-conspirators, used one existing and three dormant and expired business names to submit six fraudulent PPP loan applications for a total exceeding $3. Our strategy involves carefully reviewing all […] Jan 3, 2025 · In October 2024, a Philadelphia banker was sentenced to 65 months in prison for running a PPP loan fraud scheme. Oct 12, 2023 · According to the indictment, Morancy applied for and received one PPP loan on behalf of himself as the sole proprietor of Moore Services Investment Group, LLC, based upon materially false information about the borrower’s total gross business income for the year 2019, as well as a falsified IRS tax form submitted with his application. Mar 24, 2021 · NEWNAN, Ga. 1 million in fraudulent PPP loans, more than Oct 24, 2023 · The scheme allegedly caused more than $240,000 in fraudulent PPP loans to be issued to ineligible borrowers, some of which were forgiven even though the funds were not used for the purposes specified in the PPP. Jun 28, 2024 · ATLANTA — Teldrin Foster, John Gaines, and Carla Jackson have been sentenced for their roles in a scheme to steal Paycheck Protection Program (PPP) funds during the COVID-19 pandemic. – A former branch manager of a national financial institution was sentenced to 65 months in prison for using his position to organize a conspiracy to help individuals obtain at least 38 fraudulent Paycheck Protection Program (PPP) loans totaling approximately $5 million, U. 5 million in Paycheck Protection Program (PPP) loans. irs. According to the indictment, Golden-Larimore prepared and filed fraudulent PPP loan applications on behalf of the other co-conspirators. Oct 2, 2024 · Liticker attempted to obtain more – he requested nearly $1. Mar 13, 2024 · Raisha Kelly, 43, and Widny Thibaud, 44, of Loxahatchee, Florida and Cortira Gray, 33, and Ann Gilchrist, 55 of Miami, Florida have been charged with conspiracy to commit wire fraud wire fraud in connection with their submission of false and fraudulent PPP loan applications. 19, 2024 Contact: newsroom@ci. Jan 16, 2025 · A Mansfield businesswoman has been sentenced to over seven years in federal prison for her involvement in a scheme to fraudulently obtain approximately $8. Sep 10, 2020 · The Justice Department has charged 57 people, including "coordinated criminal rings," who tried to steal more than $157 million from the Paycheck Protection Program. Nov 26, 2024 · In addition to the fraudulent loans, the trial evidence showed that Taylor also cashed alleged “payroll” checks for Jackson on Jackson’s PPP loans. Oct 23, 2024 · PPP loan arrests: 4 sentenced to 8 to 10 years in prison for millions of dollars in PPP loan fraud. Oct 11, 2023 · A federal grand jury in the Western District of Tennessee returned an indictment yesterday charging ten individuals for their roles in schemes to defraud the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Lucie, submitted a PPP loan application in 2021 on behalf of EBG Properties LLC, in which he fabricated information about the company’s monthly payroll, number of May 13, 2022 · May 13, 2022 — Carl Delano Torjagbo, aka Karl Lucius Delano, has been arrested on federal bank fraud and money laundering charges arising from a scheme to defraud a bank by obtaining a $9. Liticker drafted PPP loan applications that falsely claimed businesses suffered financial harm as a result of the COVID-19 pandemic, he manufactured false and fraudulent documents submitted with the applications, he submitted the loan applications Dec 6, 2024 · Seven days after Hebert pleaded guilty on Aug. The lenders then disbursed the PPP loan funds into bank accounts belonging to the defendants and their co-schemers. Jan 31, 2025 · 1. Oct 17, 2024 · A woman who prepared more than a dozen fraudulent applications, including for three former Broward Sheriff’s deputies, to the federal Paycheck Protection Program has pleaded guilty in federal court. Homeland Security Investigations (HSI) New York, U. Nov 22, 2024 · An indictment was unsealed yesterday in the Northern District of Texas charging two co-founders of Blueacorn, a lender service provider, in connection with a scheme to fraudulently obtain COVID-19 relief money guaranteed by the U. A 46-year-old El Paso woman, Araceli Benitez, has been arrested and charged with multiple federal fraud offenses related to an alleged scheme to defraud the Paycheck Protection Program (PPP), a COVID-19 relief initiative, the U. May 13, 2021 · Our firm helps people who are being charged or investigated for alleged fraud in applying for or taking out PPP and EIDL loans funded by the CARES Act. 19. Jan 13, 2023 · January 13, 2023 — Four South Florida residents have been sentenced to prison for participating in a conspiracy to defraud the Paycheck Protection Program (PPP) out of loan proceeds. 18 and made his first appearance in Federal Court on Sept. The government has also reportedly generated a list of people who should be arrested for PPP loan fraud. Oct 23, 2024 · In October 2024, social media users ran amuck after reports surfaced that the U. The indictment alleges that the defendants conspired to submit false and fraudulent loan applications through the PPP loan program. She advertised her ability to get PPP loans on social media. Jul 10, 2024 · The indictment accuses the 24 people of participating in a scheme to obtain PPP loans when none of them actually had an operational business. Oct 25, 2024 · Ppp Loan Arrest (I'm going to Jail)https://youtu. It's true that people have been arrested, charged and convicted for fraud regarding PPP loans, Oct 24, 2024 · Each loan application also contained fraudulent tax forms to deceive the SBA and PPP participating lenders into disbursing loan funds. They then routed PPP loan funds through a series of bank accounts to create a false paper trail of payroll Jan 17, 2025 · The couple submitted fraudulent applications for PPP loans to multiple banks, using fabricated IRS tax returns and payroll records to secure $1,365,000 in funds. Jan 10, 2025 · In April 2020, Congress authorized over $300 billion in additional PPP funding. The U. S. If convicted, the defendants each face up to 20 years in federal prison. Information presented at the trial showed that Get Me Recruited, LLC did have business in 2019 and 2020, but employees listed on the loan application testified that they never made more than Oct 11, 2021 · Crime & Safety PPP Loan Fraud Leads To 2 Arrests: Joliet Police Joliet police executed a search warrant in the 1000 block of Edgerton Drive, resulting in two arrests. Oct 24, 2024 · Ultimately, over 100 individuals joined in the scam that the defendants conceived, prosecutors alleged. The application listed a false gross income for 2020 and falsely stated the loan proceeds were needed to make payroll payments for his alleged business. Louis, the tax Feb 4, 2025 · PPP Loan Arrests in Mitchell County. PPP loan proceeds had to be used by businesses on payroll costs, interest on mortgages, rent, and utilities. A federal grand jury charged Felicia D. Based on the fraudulent applications, Aguilar received approximately $3. 1 million in Paycheck Protection Program (PPP) loans and to use those funds to purchase luxury vehicles, jewelry, and other personal items. Attorney’s Office for the Northern District of Mississippi. 2nd Channel @ZacV2 Chapters0:00 Subscribe!0:55 What is PPP2:07 Fraud4:00 Arrests5:13 Thought You Got Away With It6:40 Skit9:13 Comment10:01 Bait?11:49 Purcha Sep 26, 2024 · Young personally received over $230,000 in PPP loans for businesses he controlled and received a percentage of loan proceeds for assisting in submitting fraudulent applications on behalf of others. Feb 13, 2024 · Oxford, Mississippi – Three DeSoto County residents were arrested today on criminal charges related to their involvement in a conspiracy to fraudulently obtain government funds intended to protect employees of endangered businesses during the COVD pandemic through the Payroll Protection Program of the U. , age 26, to 18 months in prison for PPP loan fraud. Federal court records show that in 2021, Jai’meka Michelle Austin and a co-conspirator decided to get fake business loans for other people, charging them between $5,000 and $20,000. COVID-19 relief fraud criminal investigation FBI investigation fraudulent loans Paycheck Protection Program PPP loan fraud theft by deception Thomaston arrests Thomaston Police Upson County Jul 29, 2022 · PPP provided small businesses with funds to pay up to eight weeks of payroll costs and related expenses. general estimated that more than $200 billion — or at least 17 percent of the roughly $1. RELATED CONTENT: Former Atlanta Attorney Sentenced 7 Years For Stealing $15M In PPP Loans James Frank Oct 11, 2023 · A federal grand jury in the Western District of Tennessee returned an indictment yesterday charging 10 individuals for their roles in schemes to defraud the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP), federal stimulus programs authorized as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Oct 3, 2023 · The head of a multimillion-dollar COVID-19 relief fraud ring and six of his co-conspirators were sentenced for fraudulently obtaining more than $20 million in forgivable Paycheck Protection Program (PPP) loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Haynes was arrested at the end of July. They spent the stolen money on personal expenses, including vehicles, a home in Kapolei, and a promotional trailer for a television project. 7 million and purchased a Rolls-Royce and jewelry. He was approved for a $20,000 PPP loan. Jan 17, 2025 · FORT WORTH, Texas — A Mansfield businesswoman has been sentenced to more than seven years in federal prison for her role in a scheme to fraudulently obtain approximately $8. The loans were earmarked to cover payroll costs, including salaries, wages, commissions, tips (capped at $100,000 annually for each employee Sep 19, 2024 · Austin was arrested on Sept. It's true that people have been arrested, charged and convicted for fraud regarding PPP loans, Jul 23, 2021 · A California man was arrested today in Los Angeles on criminal charges related to his alleged bank fraud, false statements in a loan application and money laundering arising from the submission of fraudulent applications for Paycheck Protection Program (PPP) funds. District Judge Donald Graham said he evaluated about 20 PPP loan fraud cases in a scandal involving Broward Sheriff’s Office deputies — including two who received sentences of four months Sep 24, 2024 · – A Belleville woman is accused of falsely applying for, accepting and spending more than $20,000 in PPP funds for personal expenses. 3 million in loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Fayne is scheduled to be sentenced on February 18, 2025, and faces a maximum penalty of 30 years in prison. Oct 7, 2024 · Companies applying for PPP loans had to certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant. To support these payroll figures, each business’s loan application was accompanied by an IRS Form 941, which employers use to report payroll taxes. Vanessa M. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. Oct 21, 2024 · 277. Aug 28, 2024 · Acosta was the last of 17 BSO deputies — all arrested last fall on PPP and other loan fraud charges — to go to trial or cut a plea deal. Hebert Oct 22, 2024 · Felicia Destiny Harris was arrested on 12 September 2024 for committing COVID-19 unemployment fraud in 2020 by wrongfully getting PPP loan. Aug 23, 2023 · Mr. 4 million, $1. If convicted, each alleged conspirator faces up to 20 years in prison. Oct 25, 2024 · Four Southern California suspects were accused of defrauding the government in a multi-million dollar scheme targeting the COVID-19 pandemic relief loan program. Shahied Golden, 30, received a sentence of 12 months and one day in federal prison, followed by three years of supervised release. We have helped our clients avoid criminal charges, negotiate fair resolutions, and fight back in court against exaggerated allegations of fraud. May 24, 2023 · The fraudulent applications falsified the number of employees and gross wages being paid prior to the COVID pandemic, in order to help qualify for the PPP loans. District Court for filing a fraudulent Paycheck Protection Program (PPP) loan application. Both are federal stimulus programs authorized as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 8 million in PPP and EIDL loans were paid to Hammond and her co-conspirators. Harris, 44, with four counts of interstate transportation of a security obtained by fraud. Dec 17, 2024 · For the second-draw loan, Baines falsely reported a 25% reduction in gross income between 2019 and 2020, despite being neither self-employed nor earning the reported income. Feb 6, 2024 · Three people were sentenced today for fraudulently obtaining and misusing Paycheck Protection Program (PPP) loans that the U. 1 day ago · PPP loans were Covid-19 pandemic relief given out to small businesses. In total, May 31, 2024 · In October, Smith was among the group of BSO deputies and corrections officers arrested on charges of fraudulently receiving about $500,000 from the Paycheck Protection Loan and Economic Injury Jan 19, 2024 · Date: Jan. Feb 7, 2024 · The indictment alleges that the defendants submitted at least 30 fraudulent PPP loan applications containing materially false and fraudulent information and false documents, including false and fictitious tax documents, payroll records, bank records, and identification documents, to procure the disbursement of PPP assistance loans by Bank 1. - Ten defendants, who operated as part of a larger group, have been indicted for participating in a wide ranging, multi-state scheme to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). ” Payroll Costs. Since March 2020, the United States Attorney’s Office (USAO-MDFL) has federally charged 109 individuals with fraud schemes designed to exploit state and federal programs implemented to alleviate the Oct 13, 2023 · PPP LOAN PROGRAM The PPP was a $950-billion, low-interest business loan program established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) signed into law by former President Trump to help various businesses and the self-employed to continue to pay their workers during the worst months of the pandemic. 1 day ago · Gonder, who lives in Port St. Nov 12, 2020 · Two Miami neighbors were charged with wire fraud and making false statements in August for falsely claiming to be farmers to get more than $1 million in EIDL and PPP loans. Mar 19, 2024 · The PPP and EIDL programs were initiated to provide financial assistance to small businesses impacted by the COVID-19 pandemic, offering forgivable loans to cover employee salaries and essential Sep 6, 2023 · The loan came from a Florida-based lender which processed a similar PPP loan on the same date for someone else — who happened to have a name very similar to that of someone close to the elected Mar 19, 2024 · We will continue to diligently work to identify and arrest any individuals who are engaged in fraud. . Attorney’s Office Northern District, from May 2020 to May 2021, Starks carried out a scheme to scam the Paycheck Protection Program by submitting fake loan applications. Jul 22, 2021 · Seventeen more individuals have been charged in connection with a fraudulent scheme to obtain approximately $11. In total, the pair obtained four PPP loans of approximately $1. ” HSI also determined that Daragjati used two fraudulently obtained Florida identification cards to apply for three Paycheck Protection Program (PPP) loans in the identity of two victims. Jan 9, 2025 · There's a PPP Loan Arrest List Going Around — or Is There? Comingagefilms Jan 10, 2025 The pandemic relief measures introduced by the U. He would accept the loans, disburse the money, and get a $5,000 kickback. All defendants, except Corey Shaw, have been arrested and released on conditions. 5 million. Dec 10, 2020 · After the defendants learned that a hold was placed on bank accounts of the Victoria Companies that received PPP loans issued by one financial institution due to suspicion of fraudulent activity, one of the defendants conducted Internet searches for “PPP Fraud,” “PPP Loan Fraud Arrests,” and “How to get rid of a PPP Loan. Nov 7, 2024 · Recently, the term "PPP Warrant List" has sparked conversations across social media. Small Business Administration guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act in connection with their involvement in a COVID-19 fraud ring. Feb 12, 2024 · Six Texas men were sentenced today for their roles in a conspiracy to fraudulently obtain more than $20 million in forgivable Paycheck Protection Program (PPP) loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Handberg announces the results achieved by the Middle District of Florida’s efforts to combat fraud related to the COVID-19 pandemic. But, in reality, each Form 941 was Jun 28, 2023 · They allegedly submitted at least 29 Paycheck Protection Program (PPP) loan applications that fraudulently inflated payroll expenses, doctoring bank statements and Internal Revenue Service tax forms to falsely reflect business income. The agency identified about 100 employees who took PPP loans and narrowed down Oct 30, 2023 · In February 2021, Harris then tried to get another PPP loan for Good Family to take advantage of the additional PPP relief being offered to businesses that had suffered revenue losses in 2020 Nov 15, 2023 · The loan applications contained inflated employee and payroll funds, were often submitted on behalf of companies that did not exist or were inactive and included fake business addresses and fraudulent tax documents. The former branch manager of a national bank recruited small businesses to submit PPP loan applications containing false information. Department of the Treasury, the CARES Act established Oct 23, 2024 · A 30-year-old woman faces over 25 years in prison after she was accused of defrauding the Small Business Administration through a Paycheck Protection Program (PPP) loan, along with stealing May 22, 2024 · As of May 11, the Thomaston Police Department Criminal Investigations Division had made eight additional arrests related to Paycheck Protection Program loan fraud, according to a statement from Chief Mike Oct 12, 2023 · Tony said the PPP investigation was wide-ranging: All 5,500 BSO employees, including Tony himself, were looked at. The PPP allowed qualifying small businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1 percent. 3 million in small business loans and grants under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Oboite and Sparks both submitted or caused to be submitted fraudulent loan applications in their own names, and received at least $200,000, the indictment says. Lafayette Residents Arrested for PPP Fraud May 17, 2024 · According to the defendants' plea agreements and the parties' sentencing memoranda, Frank Mosley was a tax enforcement officer for the City of Oakland and a former IRS revenue officer who conspired with others between July 2020 and September 2021 to submit fraudulent PPP loan applications and to spend his portion of the more than $3 million in Jun 28, 2024 · Jackson laundered some of the proceeds of Gaines Reservation and Travel’s PPP loan, receiving over $300,000 of the stolen PPP funds into her business’s bank account. Published: Feb. Nov 26, 2024 · The Department of Justice alleged that Nathan Reis and Stephanie Hockridge submitted fraudulent PPP loan applications and facilitated fraudulent loan applications for thousands of other businesses through Blueacorn, which they founded in April 2020, at the height of the COVID-19 pandemic, with an aim to “democratiz[e] access to loan relief 1 day ago · According to court records, in April 2021, Golden filed a fraudulent PPP loan application and received approximately $20,833 in PPP funds. #privateinvestigator #cheater #ppp #arrest #smallbusiness #fraud”. 28 million. Many are asking if such a list exists and whether it poses a threat to business owners who received Paycheck Protection Program (PPP) loans. The funds were transferred via a check in the amount of $155,252. Attorney’s Office emphasized that PPP loans were meant to help small businesses during the COVID-19 pandemic for critical expenses such as payroll and rent. Jan 16, 2025 · According to the U. 16, 2024, a federal judge sentenced Zsa Zsa Bouvier Couch from Montgomery, Alabama, to 45 months in prison following her convictions for offenses related to fraudulent loans she received through the Paycheck Protection Program, announced Acting United States Attorney Jonathan S. TikTok video from PI MOM (@thepimom): “Arrest warrants are being issued for those who fraudulently obtained PPP loans. Wilson is accused of applying for and receiving more than $40,000 in PPP loans she was not entitled to. government brought the Paycheck Protection Program (PPP) to the forefront, offering financial relief to businesses on the brink of collapse. In addition to the prison term, Judge Castner sentenced Young to three years of supervised release and ordered restitution of $5. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. According to an arrest warrant , Destiny Harris was charged with illegally obtaining $19,000 in PPP funds and unemployment fraud for receiving unemployed checks while she worked a full time job. Jul 7, 2022 · One source of relief provided by the CARES Act was the authorization of hundreds of billions of dollars in forgivable loans to small businesses for job retention and certain other expenses, through the PPP. 4, 2025 at 1:24 PM EST 21 people arrested in Mitchell County for fraudulent PPP loans May 18, 2022 · In April 2020, Congress authorized over $300 billion in additional PPP funding. Paycheck Protection Program (PPP) The PPP was a COVID-19 relief program administered by the Small Business Administration (SBA). Mar 3, 2025 · Baptiste was the final defendant to be sentenced in a scheme involving 20 individuals who fraudulently obtained PPP loans by submitting false applications to the government. A California group of 19 individuals ran a $20 million PPP fraud ring. The DOJ said several of them were also applying for May 19, 2022 · May 19, 2022 — Darrell Thomas has been sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud and to money laundering for masterminding a scheme to obtain 14 fraudulent loans totaling approximately $11. Dec 15, 2022 · Officials arrested two members of the Edwards family, which allegedly tried to use a fraudulent $8 million PPP loan to buy a house in Orlando, FL. Attorney’s Office has filed two informations charging six defendants with a variety of crimes in connection with an alleged scheme to obtain millions of dollars by submitting fraudulent loan applications through the U. Powell applied for a PPP loan on February 22, 2021. Jun 22, 2022 · Francis J. 7 million, and $2 million, and an EIDL loan of approximately $160,000. 5 million in loans from the PPP program and the Economic Injury Disaster Loan (EIDL) program Sep 16, 2020 · One of the key partners in the investigation, SBA IG Hannibal “Mike” Ware, noted that “Within 60 days of the first round of PPP loan lending, two businessmen were charged in the district of Rhode Island with allegedly filing bank loan applications seeking more than half a million dollars in forgivable PPP loans. Nov 1, 2022 · The indictment alleges that the defendants were part of a national scheme, led by Liticker, that attempted to fraudulently acquire $2 million in PPP loans, and that did fraudulently acquire nearly $1 million in PPP loans. She provided false payroll and tax information for businesses she and her husband owned and helped others get PPP loans. PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent, and utilities. Feb 3, 2023 · These included business email compromises, romance scams, unemployment insurance fraud, and PPP fraud. 1 day ago · U. Powell claimed he had operated a barber shop since June 2018 and had one employee with an annual payroll expense of $96,000. 3 million in PPP loan funds and approximately $450,000 in EIDL funds. Following the disbursement of the PPP loans, Whitaker instructed each defendant as to how to make it appear that the PPP loans were being paid out to employees, when in reality the Feb 11, 2025 · Suburban trio got kickbacks to arrange hundreds of thousands of dollars in fraudulent PPP loans, FBI says Amanda Heller, Sarah Stokes and James Townsend are charged in federal court with Oct 26, 2024 · But in reality, the couple spent the SBA loans on themselves, prosecutors said. To date, a total of 23 individuals have been convicted and sentenced in connection with the fraudulent scheme. The PPP allows qualifying small-businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1 percent. Quentin Allen Jackson, 58, a former Harlem Globetrotter, has been sentenced to 84 months in prison for his role in a conspiracy to commit money laundering in connection with fraudulent Paycheck Protection Program (PPP) loans, the U. Lucie, submitted a PPP loan application in 2021 on behalf of EBG Properties LLC, in which he fabricated information about the company’s monthly payroll, number of Feb 19, 2025 · Notorious PPP Fraud Cases: A Florida man used $4 million in PPP funds to buy a Lamborghini. 5 million Paycheck Protection Program ("PPP") loan in the name of a fictitious company and then allegedly using the loan proceeds to upgrade his personal lifestyle. These loans are guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act. In this post, we’ll debunk this myth, clarify who PPP loans were for, explain the forgiveness process, and ultimately highlight why there is no such thing as a “PPP PPP loans were processed by private financial institutions and fully guaranteed by the U. A warrant has been issued for Shaw and he is considered a fugitive. According to the U. Tamara Starks, 42, of Mansfield, pleaded guilty to wire fraud in September 2024. Rhodes pleaded guilty in October 2023 to wire fraud. Attorney’s Office for the Western District of Texas announced Monday. 1 million, $1. Feb 28, 2025 · The PPP loan application for Transportation Management falsely represented that it maintained 66 employees and an average monthly payroll of $332,167, and that it would use the PPP funds for payroll, lease payments or mortgage interest, and utilities. gov Montgomery, AL — On Jan. Attorney’s Office Mar 12, 2021 · Based on the false representations she made in the loan application, The Little Piglet Soap Company received a PPP loan for $414,375. 8 million PPP loans that showed signs of fraud, totaling $76 billion, or nearly 10% of the total money given out through the PPP program. Sellinger announced today. Oct 16, 2024 · In addition to the PPP loans, Fayne fraudulently obtained an Economic Injury Disaster Loan (EDIL) loan through the U. Feb 22, 2024 · Feb. “The lenders disbursed the PPP loan funds into bank accounts belonging to the defendants Jun 7, 2023 · One includes Chris Lick of Starkville, Mississippi, who was sentenced to 78 months for submitting a fraudulent PPP loan application and has a $12,000,000 civil judgment. Oct 24, 2024 · PPP loans were intended to help businesses get through financial difficulties related to the pandemic. Oct 22, 2024 · A Delray Beach, Florida woman was arrested four years after she committed Paycheck Protection Program (PPP) fraud during the global pandemic. be/0iztDa0VFUM?si=IUQobbk3omC2PFUgCome get some financial education as I talk about ppp loan scam explained Jul 26, 2024 · The indictment says Oboite taught Sparks and McClain how to submit fraudulent applications for Paycheck Protection Program (PPP) loans. In addition to the wire fraud conspiracy, Daisha Sanders is charged with one count of wire fraud and each of the remaining defendants is charged with aiding and abetting Daisha Sanders in one count of wire fraud. 22 hours ago · BANGOR, Maine — A Lewiston man was sentenced Wednesday in U. Jun 8, 2023 · PPP loans fall under the scope of the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Oct 21, 2024 · CAMDEN, N. Zipora Hudson and her son Montreal Hudson, both residents of Olive Branch, Mississippi, were convicted today for conspiracy to commit wire fraud and conspiracy to commit money laundering, as announced by the U. A Texas reality TV star secured $3. government covertly started a campaign to send out arrest warrants to anyone who received a PPP loan fraudulently. Check if your name is on the PPP Loan Warrant List to avoid trouble with the feds. According to the plea agreement, between April and June 2021, Rhodes applied for and received a fraudulent PPP loan in the amount of $11,770. Small Business Administration (SBA) through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security (CARES) Feb 3, 2023 · The source of the laundered funds is alleged to include fraud based on business email compromise, romance scams, unemployment insurance fraud, and Payroll Protection Program (PPP) fraud, and is alleged to be more than $3. More from CBS News Oct 11, 2024 · Chief Richardson stated that the PPP loan investigation is ongoing, and additional arrests are expected in the coming months. Jan 20, 2025 · 1. 27 to the federal charges of PPP loan fraud, he was arrested again in Jefferson Parish on unrelated charges of residential contractor fraud. It's true that people have been arrested, charged and convicted for fraud regarding PPP loans, Feb 13, 2024 · The amount in altered Treasury checks totals $295,000. Acosta’s co-defendant, Vilsaint St. tlhcm khcqs vhtj nkrbs xqp dapjpu keemvyp hmopn bnis gjotgb egzld dkoxvlk jome dvmfnfu iuuumo