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. Ophthalmologist Already Under Indictment (New York June 24), 19. * * * DOJ will almost certainly expect cooperating institutions to provide investigative leads and will likely pursue those leads primarily through its own resources where it can., So imagine this scenario. Fayne allegedly claimed he had 107 workers and submitted forged bank statements. A lock ( But keep it all in perspective. Sum of Forgiven Amount. Based on the investigation, none of the companies allegedly engaged in any business-related transactions or used the PPP loan proceeds for any authorized purposes. Our mission is to bring you "Small business success delivered daily.". 5 Places To Swim In Atlanta A Swimming Activity Of Every Kind, The 5 Best Atlanta Facebook Groups To Follow ASAP, Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, GA. Victor Montgomery, 43, of Washington, D.C. The Form 941s, bank statements, and W2 payroll spreadsheets had all been fabricated. 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. Casey David Crowther was charged with receiving more than $2 million in PPP funds. Great Article! The two allegedly worked together on the scheme (mighty neighborly of them!). As part of his guilty plea, Darrell Thomas admitted his participation in fraudulent conduct totaling more than $14.7 million, including more than $11.1 million in fraudulent PPP loans, more than $1.15 million in fraudulent Economic Injury Disaster Loans, and more than $2.4 million in fraudulent automobile loans. Kenneth Gaughan is charged with obtaining over $2.1 million in PPP and Economic Injury Disaster Loan funds. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. The charges allege he applied several times to get aid totaling $3 million, in the names of businesses with no actual operations. Bank Fraud (18 U.S.C. Gaughan is also charged separately with allegedly embezzling $472,000 from the Catholic Archdiocese of Washington, D.C. where he previously worked. With that kind of speed, no program could be perfect. He then went on a buying extravaganza, spending on a Tesla, a Bentley, two condominiums, and paying his home mortgage. But the program attracted a few rotten apples that committed PPP loan fraud. 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. After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. The defendants allegedly abused both programs by submitting fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses. Or do you want to know whichcompanies got taxpayer-fundedloans? Authorities claims Yates used a name generator on the Internet to create names of fake staff. Fraudsters like Benjamin Hayford greedily steal money that should be going to Americas small business owners who are struggling during this public health crisis, said U.S. Attorney Trent Shores. The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? 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. Also, the seizure warrant revealed multiple California unemployment benefits debit cards. Manhattan Businessman (New York May 21), 6. Using an online tool, I discovered that the small medical lab I had worked at for 4 years had, in fact, been approved for a PPP loan end of April. 4 Of The Best Ice Cream Spots In The Atlanta Area Vegan, Too! The above numbers are through January 2021, and new instances are being announced regularly. On January 4, 2021, the DOJ announced that Georgia resident Hunter VanPelt, also known as Ellen Corkrum, was sentenced to nearly 3.5 years in prison (41 months) for PPP loan fraud. A lock ( He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. Several individuals he submitted payroll documentation for said they never worked for his company, investigators allege. 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 maximum that one person can get for a PPP loan is $20,833. 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. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. In such a case, a client will sign an engagement exclusively with the Local Counsel. 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. Just when you think you cant be any more surprised by PPP fraud . The retail giant suspended him and stated the charges were unrelated to Walmart. While egregious and clear misuse of PPP loan funds presents a clear risk, expenditures that blend business and personal purposes (i.e. 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
Andre Lee Gaines, 67, of Dallas, Georgia, 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. To support these payroll figures, each businesss loan application was accompanied by an Internal Revenue Service Form 941, which employers use to report payroll taxes, for each quarter of 2019 and by a bank statement or a spreadsheet reflecting payroll expenses. ATLANTA Twenty-two people have been charged in a federal scheme to defraud the government from taking out false Paycheck Protection Program loans, and 11 of those people are from the metro Atlanta area. David T. Hines of Miami is charged with fraudulently seeking $13.5 million in PPP funds using false statements about various companies payroll expenses. 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. 22-Year Old Hair Extensions Entrepreneur (Texas September 15), 50. I was not hired back. A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. They do not appear to be honest mistakes. Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. While this information may constitute attorney advertising in some jurisdictions, merely reading this information does not create an attorney-client relationship. Still, a June 2020 report by the Government Accountability Office found, there is a significant risk that some fraudulent or inflated applications were approved. Treasury Secretary Steven Mnuchin then announced that the Treasury Department would review loan recipients over $2 million. no owner of a 20% or greater interest has been convicted of or pleaded guilty to a, Former Department of Justice Trial Attorneys, Former Federal Prosecutors, U.S. Attorneys Office. Love & Hip Hop: Atlanta star Maurice Fayne was indicted on fraud charges over a $3,725,500 PPP loan application for his company, Flame Trucking. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. Brenizer was out on other criminal charges at the time, but he allegedly applied under another persons name. In another unusual burst of government speed, the SBA and Treasury Secretary Steven Mnuchin started accepting loan recipients applications just a week later on April 3, 2020. Search our database that is tracking this information. Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. Glad theyre doing the work to clean it up and recover some of these funds. 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. When the SBA-OIG or DOJ launches an investigation, executing an effective and timely defense is imperative. Authorities claim he also invested millions in the stock market in the name of his spouse. Well at least the Feds got that back. They allegedly used the proceeds to make down payments on personal homes. Some of Quarterman and Lawsons co-conspirators also allegedly recruited additional participants to the scheme and then sent their information to Quarterman for fraudulent loan applications. We can use our experience to help reduce your companys risk (and your personal risk) to the fullest extent possible, and we encourage you to contact us for a free and confidential assessment of your companys legal needs. Researchers estimate that $76 billion in PPP loan money was taken illicitly. Providing false statements to gain access to SBAs programs will be aggressively investigated by our office, said Hannibal Ware, Inspector General of the U.S. Small Business Administration, in a statement. Claims of employees who didnt exist. They allegedly spent some money on personal expenses like vehicles and home improvements. Atlanta, GA 30303-3309. 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. Miles allegedly used the gains to purchase a Bentley and Cadillac, and withdrew hundreds of thousands of dollars. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. Atlanta, GA 30303-3309. This owner of a wedding planning company is charged with submitting two PPP applications, and claiming to have 120 employees when he actually had none. Are you or your company at risk for facing allegations of PPP loan fraud? However, we have created a list of PPP resources that should help you with any challenges that you might have. [SIGN UP: WSB-TV Daily Headlines Newsletter]. Married Couple Attempting to Flee (Virginia June 24), 17. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories:More than 5,000 PPP loans, totaling more than $200m, approved in Clarke County, Database: Click here to search our PPP loan database. Abramovs allegedly got nearly $2 million from seven lenders. 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. Nationwide Federal Defense, Compliance and Litigation. 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. He allegedly submitted false documentation on behalf of multiple companies purporting to register emotional support animals. Court documents identify 3 confidential human sources, i.e., informants. Days later he allegedly bought a 2020 Lamborghini Huracan sports car for $318,000. In July, the Feds seized $866,019 from his bank accounts. Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. 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. Auto Repair Shop Owner (California June 5), 11. 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. Quarterman would recruit co-conspirators who would send her their personal and banking information mostly via text message, and then Quarterman would send that information to Lawson who would submit the applications to the SBA. Honestly, I think theyll be finding and prosecuting these for years. He is alleged to have bought a $400,000 house with taxpayer funds. He allegedly obtained $841,000 in PPP funds for a defunct contracting company with no employees, called True-Cut. Legitimate small companies and self-employed individuals needed speed. At Oberheiden P.C., our attorneys and former federal agents are intimately familiar with the federal auditing and investigative processes. He allegedly laundered funds he received by writing checks for $8,330 each to 23 people. The only way to get more money than that is to either 1) claim to have employees that you didn't really have, or 2) inflate your earnings amount on the application. 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. Both are fraud. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. I was put on furlough for almost 2 months from mid April to end of June. Miami Wannabe Farmers (Florida August 26), 40. Justice Department announces charges brought against 57 people for PPP fraud, representing $175 million in alleged fraud. 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. He spent $29,ooo on a Harley Davidson. 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. Allegedly Hsu applied in the names of current and former employees, and incorporated a fake company also. Lavanture allegedly went on a spending spree and bought a motel and also an 8.54-acre estate with a Tuscan-style mansion on it. The charges allege the usual. 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. East Texas Man and the Online Name Generator (Texas May 19), 5. A discovery by the U.S. Ultimately Ugarte received funds from Transportation Alliance Bank. If there is evidence of fraud, people can go to jail for a $20,000 PPP loan, just like someone whose PPP loan was $100,000 or $1 million. It is free MONEY no one will repay one single dollar. Joseph Cherry II of Virginia was indicted on 10 counts of COVID fraud and faces 10 to 30 years of prison time on each count. Attorney Buys Million Dollar Home (New Jersey September 2), 45. 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. 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. 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. Report fraud/thefthttps://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud In the loan applications, the defendants certified that each applicant business was in operation on February 15, 2020 and had employees for whom it paid salaries and payroll taxes or paid independent contractors; that the funds would be used to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments; and that the information provided in the application and in all supporting documents and forms was true and accurate in all material respects. Number of Loans Forgiven. In reality, however, none of the businesses had employees or payroll expenses. This article is updated regularly. payments for travel, vehicles, and home office expenses) can also create risk. According to Federal authorities, Crowther submitted an application on behalf of his roofing company that contained false and misleading statements. On August 9, Manukyan allegedly boarded a flight from Mexico City to Belarus. When arrested, he had almost $80,000 in cash at his home and $9,400 in his pocket, authorities claim. 43. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. 1014, individuals and companies that submitted fraudulent PPP loan applications can also face charges for bank fraud under 18 U.S.C. A Swimming Pool and Money Abroad (Minnesota November 16), 67. Fake IRS filings. This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. 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. Suite 600
Not consenting or withdrawing consent, may adversely affect certain features and functions. Which goes to show that most of the defendants arent very smart. Businesses that have to repay the loan get 2 years to repay if funding was issued before June 5. Under the terms of the PPP, utilizing loan funds for personal expenses is expressly prohibited. 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. Allegedly he submitted fake IRS 1099 Forms containing worker social security numbers that were invalid. 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. Oludamilare Olugbuyi was charged with fraudulently obtaining two PPP loans totaling more than $400,000. Wells Fargo previously fired him for embezzlement, according to news reports. 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. The criminal complaints describe egregious CARES Act abuse, assuming the government ultimately proves the allegations. 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. PPP Loan Fraud List | Who Got a PPP Loan? Ronald Bell, who conspired to extort money from Georgia Institute of Technology, has pleaded guilty to a charge of conspiracy to commit extortion. He allegedly used the loot to buy a Tesla car, make personal investments and make his home mortgage payments. 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. 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
Kindambu made some expensive personal purchases that authorities say were not permissable under the loan terms, including the plane the Lexus. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. The total approved was over $525 billion, demonstrating its success. Federal auditors and investigators will view these types of activities with skepticism, and as potential evidence of an attempt to either fraudulently obtain a PPP loan or use PPP loan funds for unauthorized purposes. Or do you want to know whichcompanies got taxpayer-fundedloans? Oberheiden P.C. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. Sutukh El even posted a rap video holding a large amount of $100 bills after he had made a cash withdrawal, having received this $600,000 plus. Government officials have seized more than $400,000. Principal Deputy Assistant Attorney General Ethan P. Davis noted in a June 26th speech: When the borrower is ready to seek forgiveness of the loan, it has to certify that the funds were in fact used to pay costs that are eligible for forgiveness. 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. Keith William Nicolettawas charged with seeking more than $1.9 million in a Paycheck Protection Program loan to pay employees of a scrap metal company when, in fact, he had paid no payroll taxes for employees. Its a wild tale. If you got funding after June 5, you have five years to repay. Ricky Dixon, 52, of Warren, Michigan, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, aggravated identity theft, and money laundering in connection with his involvement in the loan obtained by his business, RK Painting Co., and several other businesses loans. Timely defense is imperative package containing methamphetamine hidden in dog food containers had been mailed to home... This comes as federal prosecutors in Georgia continue to make down payments personal... Ppp resources that should have gone to support struggling businesses advertising in some jurisdictions, reading... Through a friend have bought a motel and also an 8.54-acre estate with a Tuscan-style mansion on it the numbers... Constitute attorney advertising in some jurisdictions, merely reading this information does not create an attorney-client.. 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