Owner of Private Investigation Firm (Ohio June 24), 18. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. According to the indictment, Turasky had already been evicted from the restaurant rental space and her employees had been terminated before she applied for the PPP loan. Fake Sewing Company Owner Fled Country (Los Angeles August 11), 36. How does the government miss a well know con artist? Jean R. Lavanture of Saugerties was arrested for bank fraud for allegedly obtaining $5 million in government-backed loan for companies that had neither employees nor income in recent years. The Form 941s, bank statements, and W2 payroll spreadsheets had all been fabricated. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, "knowingly execut [ing], or attempt . A locked padlock Geoffrey M. Palermo of Novato faces charges of wire fraud and making false statements. According to the SBA, the Paycheck Protection Program ended on May 31, 2021. This article is updated regularly. These are significant questions, and they are questions that you need to answer sooner rather than later. 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 In connection with the investigation, the United States seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. In that same time frame, Lawson allegedly submitted 11 fraudulent PPP loan applications on behalf of many of the same individuals in an attempt to obtain at least $224,000. Are you or your company at risk for facing allegations of PPP loan fraud? An official website of the United States government. He is charged with false statements to a financial institution, bank fraud and engaging in unlawful monetary transactions. Diverted Funds to Relatives and Minor Children (New Jersey November 19), 70. Medical Company Owner (Florida July 10), 23. 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. Report fraud/thefthttps://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud Dwan Ashong a/k/a Dwan Gilpin, 40, of Jacksonville, Florida, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with her involvement in several businesses loans. A lock ( 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. Eight other defendants include Damion O. Mckenzie, Andre M. Clark, Keyaira Bostic, Wyleia Nashon Williams, James R. Stote, and Ross Charno, all of Florida. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. Its bad enough when one person tries to defraud taxpayers. The complaint states they received loans of $450,000 and some of the proceeds were allegedly used to purchase a Mercedes E400. Ex-Felon Charged With PPP Loan Fraud (Rhode Island September 22), 53. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. Look up the extravagant purchases of the nations record setting check kiter Adam W****man. A small number of fraudulent cases was inevitable given the amazing speed with which the Paycheck Protection Program came into being. Phillip J. Augustin of Coral Springs, Florida, is accused of using his talent management agency and connections with professional athletes to engage in an alleged fraud of breathtaking scale, involving 90 PPP loan applications and $17.4 million. 1344) - Along with 18 U.S.C. 1014). Main Office: Man Charged with Identity Theft (Florida August 10), 34. Heres a list of the PPP loan prosecutions to date: 1. Manhattan Businessman (New York May 21), 6. Atlanta, GA 30303-3309. The applications stated that each business had between 59 and 69 employees in February 2020 and averaged approximately $295,000 to $342,000 in monthly payroll expenses. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. Claimed to Have Paid 100 Employees (Florida September 17), 52. The complaint alleges he ultimately received a loan for over $1 million. bank fraud, making false statements to an FDIC-insured financial institution, or making false statements to the SBA). She deposited the proceeds into four bank accounts, but that didnt hide it from authorities who seized her ill-gotten gains. Inadequate or questionable documentation submitted in support of a request for PPP loan forgiveness is another huge red flag, and companies accused of submitting fraudulent forgiveness requests can face a variety of federal charges.. One local businesswoman told me she prayed for two weeks before applying because of her fears over confusing requirements. Agriculture, Forestry, Fishing and Hunting. Former Senior Trial Attorney U.S. Department of Justice, Former U.S. Attorney & Former District Attorney. Teldrin Foster, 39, of Decatur, Georgia, is charged with conspiracy to commit wire fraud in connection with the loan obtained by Bellator Phront Group Inc. Denesseria Slaton, 52, of Stockbridge, Georgia, is charged with conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Charmaine Redding, 27, of Macomb, Michigan, is charged with conspiracy to commit wire fraud in connection with the loan obtained by her business, All Star Room and Board Services of Michigan Inc. Another defendant, Carla Jackson, 53, of Tucker, Georgia, was previously charged by indictment on August 4, 2020 with money laundering in connection with laundering the proceeds of Gaines Reservation and Travels PPP loan. He is alleged to have bought a $400,000 house with taxpayer funds. Nationwide Federal Defense, Compliance and Litigation. According to the U.S. The indictment alleges Kanan was under federal indictment on an unrelated matter at the time. Luckily, the Feds have recovered a large part of the loan proceeds already, although millions is forever gone. Not consenting or withdrawing consent, may adversely affect certain features and functions. IT Services Company Owner (Massachusetts June 22), 15. Our mission is to bring you "Small business success delivered daily.". Former Catholic Archdiocese Employee (Washington, D.C. August 11), 35. David T. Hines of Miami is charged with fraudulently seeking $13.5 million in PPP funds using false statements about various companies payroll expenses. He also allegedly submitted forged tax documents. Darryl Washington, 66, of Atlanta, Georgia. Charles Petty a/k/a Charles Knight, 48, 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 the loan obtained by Transportation Management Services Inc. Jerry Baptiste, 43, of College Park - 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 Transportation Management Services Inc. Charles Hill IV, 45, of Norcross - charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, Infinite Education Services Inc. Teldrin Foster, 39, of Decatur - charged with conspiracy to commit wire fraud in connection with the loan obtained by Bellator Phront Group Inc. Denesseria Slaton, 52, of Stockbridge - charged with conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Carla Jackson, 53, of Tucker - previously charged by indictment on August 4, 2020 with money laundering in connection with laundering the proceeds of Gaines Reservation and Travels PPP loan. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. He allegedly lied about his criminal past, and submitted fake tax documents including names of people who did not work for the businesses. "Along with our federal, state and local law enforcement [] He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. 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. Well at least the Feds got that back. Wells Fargo previously fired him for embezzlement, according to news reports. David Christopher Redfern of Trinity, North Carolina is charged with fraudulently getting EIDL (Economic Injury Disaster Loan) and PPP funds totaling $414,000. Anecdotally, however, courts are routinely handing down . After receiving the loans, he bought a $480,000 , spent $50,000 to $200,000 on a lost gambling bet, bought a brand new speedboat worth about $150,000, he also bought Martina D****la a $900 pair of shoes for her 23rd birthday. Along with its application requirements, the CARES Act also establishes requirements for how companies use, and account for the use of, PPP loan funds. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. Now they are getting another PPP Loan to go on more trips and buy more things for themselves.They posted on their Facebook all their trips and everything they bought.They went from renting a house to buying a house in cash.They dont even have EmployeesWow this is wrong. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. No. The borrower gets the PPP loan funds into their bank account. Shashank Rai, an engineer from Beaumont, is charged with multiple counts of fraud and false statements to the SBA for seeking more than $10 million in PPP loans. See the SBA website for updated forgiveness information. IT Company Owner (Illinois June 16), 13. Benjamin Hayford is charged with fraud for seeking $4.4 million in PPP financing. Chinese Man Found Guilty Of $20 Million Dollar PPP Fraud Scheme Chinese national who lived in New York pled guilty in connection with a fraudulent scheme to obtain over $20 million. On Jan. 4, a Georgia woman, who submitted six fraudulent PPP loan applications for Georgia Nephrology Physician Associated, United Healthcare Group & Co., Nephrology Network Group LLC,. The defendants allegedly participated in an extensive nationwide scheme in exchange for illegal kickbacks of portions of the loan proceeds, said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Departments Criminal Division in a statement. Handmade Entrepreneur (Arkansas July 16), 27. He allegedly lied about not being under criminal charges he in fact was under indictment for a bribery scheme. Construction Company Owner (Washington D.C. July 13), 24. He got up to $5.7 million in loans. (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. He allegedly squandered thousands at strip clubs and nightclubs. Casey David Crowther was charged with receiving more than $2 million in PPP funds. Here are 10 red flags for PPP loan fraud: Companies are required to make a number of affirmative representations during the PPP loan application process. According to Acting U.S. Attorney Erskine, the first superseding indictment, and other information presented in court: From April 2020 through August 2020, the conspirators in the scheme allegedly submitted, or assisted in the submission of, PPP loan applications on behalf of fourteen businesses, seeking loans of approximately $700,000 - $850,000 for each company: All Star Room & Board Services of Michigan Inc. We appreciate the efforts of the Department of Justice and our law enforcement partners in this effort., Scheming to fraudulently obtain federal funds that are meant to provide assistance to nations small businesses is unacceptable, said SBA OIGs Eastern Region Special Agent in Charge Amaleka McCall-Brathwaite. The charges reinforce our resolve to prosecute anyone who used pandemic relief funds for personal gain., So many businesses needed federal emergency assistance to stay afloat during a pandemic, and these defendants allegedly misdirected millions of dollars of that assistance money to their own pockets for luxury items, said Chris Hacker, Special Agent in Charge of FBI Atlanta. Cherry was on supervised release in an unrelated federal case when he applied to the Small Business Administration program. Man Uses Forgery to Get EIDL and PPP Loans (North Carolina August 25), 38. Married Couple Attempting to Flee (Virginia June 24), 17. Through August 8, 2020, when the first Paycheck Protection Program PPP program closed, the SBA approved 5,212,128 loans. Other red flags for PPP loan fraud include atypical business activities such as forming new business entities and entering into new debt obligations. Assistant U.S. Seven Charged in Fraud Ring (South Carolina September 10), 47. Under 18 U.S.C. Have a question about Government Services? Man Flashes $100 Bills in Rap Video (New York September 10), 48. Andrew Marnell of Los Angeles is charged with bank fraud. William Sadleir, the ousted head of Aviron Pictures, was charged with wire and bank fraud in connection with a $1.7 million PPP loan. Deon D. Levy and Abdul-Azeem Levy of Ohio also are charged. He allegedly bought a 2020 Mercedes and a special edition Ford F-250 pickup truck, and wired $537,000 to a property management company in south Florida. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. 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. But according to the criminal complaint, Palermo used company funds for lavish personal expenses including a Ferrari racing car, leaving the business in financial distress. Another report by the SBA OIG found tens of thousands of examples of companies that received PPP loans ineligibly. An official website of the United States government. 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. Sum of Initial Approval Amount. Fayne allegedly claimed he had 107 workers and submitted forged bank statements. 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. Charges were recently brought against several celebrities, entertainers and business leaders in Georgia for allegedly defrauding the Paycheck Protection Program for a total of more than $3. He allegedly laundered funds he received by writing checks for $8,330 each to 23 people. Purchased a Luxury Mercedes E400 (Arizona December 17), 74. The SBA programs are complex and it is easy to trip up innocently. Despite the fact that the Paycheck Protection Program was launched in March 2020 with the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal authorities have already identified several hallmarks of PPP loan fraud. India Middleton, 34, of Accokeek, Maryland. 1343) and making false statements to the SBA and FDIC-insured banks (18 U.S.C. Didier Kindambu is facing charges that he falsified payroll documentation to $2.5 million. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Postal Inspection Service. At the time of his arrest Hayford was a Project Manager for Walmart. Restaurant Owner and Son Charged ( North Carolina December 17), 75. Samuel Yates of Maud, Texas is charged with fraudulently applying for $5 million with two different lenders. The government was able to seize $6.5 million. Then he allegedly used $689,000 to buy a luxury catamaran yacht. Miami Wannabe Farmers (Florida August 26), 40. Members of the public are reminded that the indictment only contains charges. He allegedly submitted applications on behalf of a business that did not exist and for businesses he did not own. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Check Out These 30 eCommerce Web Design Ideas, Stop Worrying About Mobile Ad Fraud Thanks to This New Tool, Shutterstock Revenue for 2015 Sees 30 Percent Increase, Pairing People with Platforms for Better CX, How to Protect Your Small Business from the Latest Scam -- A More Elaborate 419 Fraud, See the SBA website for updated forgiveness information, David Staveley, aka Kurt D. Sanborn, and David Butziger were charged with conspiring to seek over $530,000 in PPP money. Walmart Project Manager (Oklahoma June 4), 10. Read more. The allegations say he submitted fake IRS documentation. 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. They allegedly discussed their fraud in email and one assumed the identity of his own brother. At Oberheiden P.C., our attorneys and former federal agents are intimately familiar with the federal auditing and investigative processes. The Justice Department is hot on their trail. Under the terms of the program, for example, companies must represent that: During a federal PPP loan fraud audit or investigation, federal agents will not just be looking to assess loan recipients eligibility, but they will also be looking to determine whether companies have documentation on hand to qualify the representations they made in their PPP loan applications. Businesses that have to repay the loan get 2 years to repay if funding was issued before June 5. This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. On August 9, Manukyan allegedly boarded a flight from Mexico City to Belarus. Authorities allege they falsely claimed to be farmers in the yards of their small homes. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Sum of Forgiven Amount. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. "Small Business Trends" is a registered trademark. Hubert Ivan Ugarte of Draper, with the assistance of Lisa Bradshaw Rowberry of Provo are charged with fraudulently obtaining a PPP loan of $210,000. 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. Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. Rahul Shah of Evanston is charged with bank fraud and making false statements to a financial institution. This is based on the adage that where there is smoke, there is fire if someone seems concerned about what might be found, there is usually a reason why. He also allegedly was involved in a scheme claiming to represent the New York State Government in procuring COVID-19 test kits. 18, 2021 at 1:24 PM EDT The PPP promissory note you signed will have the terms applicable to you. This alleged PPP ring paid each other for services never rendered to try to hide the money trail. ) or https:// means youve safely connected to the .gov website. A pair of Georgia businesses are in hot water over fraud allegations related to their PPP loans. They allegedly used the proceeds to make down payments on personal homes. Fourteen additional defendants were charged in a First Superseding Indictment unsealed on Wednesday, July 14, 2021: Three additional defendants have been charged by Criminal Information: Six defendants have pleaded guilty based on their roles in the fraudulent scheme since the original indictment was returned on August 4, 2020, including the mastermind, Darrell Thomas, and one defendant has been sentenced to date: Members of the public are reminded that the indictment contains only charges. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) David Staveley, aka Kurt D. Sanborn, and David Butziger were charged with conspiring to seek over $530,000 in PPP money. US Attorney's Office for Middle District of Ga. investigates high volume of PPP loan fraud By Jessie Gibson Published : Jun. Glad theyre doing the work to clean it up and recover some of these funds. Encompassing multiple states, authorities said the individuals took advantage of the Paycheck Protection Program and the Economic Injury Disaster Laon, using made-up businesses to file fraudulent loan applications for upwards of $10,000 for that did not have to be repaid under some circumstances. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Gwinnett County man accused fraudulently filing for millions in PPP loans. 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. He received $593,590. 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. Our focus is on fraud.. Allegations also claim he perpetrated a credit card scam on low-income patients by getting them to pay for medical expenses for services he did not fully render. Chanchikyan has pleaded not guilty, and his trial is scheduled for October 4, 2022. The Cryptocurrency Investor (Texas July 14), 25. The estimated amount was about. Owners of Chain of Nail Salons (New York December 10), 71. - Federal Lawyer We Will Protect Your Rights, Reputation and Freedom. As part of the court-authorized search, law enforcement seized Quartermans cell phones and discovered a handwritten ledger with the personal and banking information of several individuals. It is not intended as legal advice. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. ( New Jersey November 19 ), 13 Abdul-Azeem Levy of Ohio also are charged thousands of of... Program ended on May 31, 2021 his Trial is scheduled for October 4 2022... 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