The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts, For more information on the Departments response to the pandemic, please visit https://www.justice.gov/coronavirus. . 95% Success Rate. 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. Eight other defendants include Damion O. Mckenzie, Andre M. Clark, Keyaira Bostic, Wyleia Nashon Williams, James R. Stote, and Ross Charno, all of Florida. 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. According to the U.S. A .gov website belongs to an official government organization in the United States. payments for travel, vehicles, and home office expenses) can also create risk. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. Here's a list of the PPP loan prosecutions to date: 1. He also allegedly squandered cash at luxury retailers and Miami resorts. The FBI apprehended Monica Jaworska and her husband Tarik Jaafar at JFK Airport allegedly attempting to flee to Poland. 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. Gwinnett County man accused fraudulently filing for millions in PPP loans. One was on behalf of a company called Texas Barbecue and the other called Houston Landscaping. What are the Red Flags for PPP Loan Fraud? But of course, the government has to prove the allegations. A few individuals will be arrested stripped of their material things. 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. Under the terms of the PPP, utilizing loan funds for personal expenses is expressly prohibited. $1,659,747. Former Police Officer Sentenced For Money Laundering. Former Catholic Archdiocese Employee (Washington, D.C. August 11), 35. I was eventually permanently laid off at the end of June. 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. Several individuals he submitted payroll documentation for said they never worked for his company, investigators allege. Handmade Entrepreneur (Arkansas July 16), 27. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. 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. Hollywood Film Producer (California May 22), 7. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. Florida Man Buys 40-foot Catamaran (Florida September 1), 43. 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. Read more. 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. A 2020 Bentley Continental and Cadillac Escalade (New York December 21), 77. When seeking forgiveness, companies are required to provide documentation, and they must affirmatively certify as to the accuracy of this documentation and as to compliance itself. He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. Heres a list of the PPP loan prosecutions to date: 1. While egregious and clear misuse of PPP loan funds presents a clear risk, expenditures that blend business and personal purposes (i.e. Oludamilare Olugbuyi was charged with fraudulently obtaining two PPP loans totaling more than $400,000. Main Office: Man Charged with Identity Theft (Florida August 10), 34. He allegedly got $22,000 which he then deposited partially into a personal account and partially gave to another company in furtherance of a $5.6 million Medicare kickback scheme. Authorities state Bellamy allegedly obtained a Paycheck Protection Program loan of $1,246,565 for his own company, Drip Entertainment LLC and then spent the proceeds on purchases at Dior, Gucci, and jewelers as well as withdrawing $302,000 in cash. 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. At Oberheiden P.C., we are actively representing companies with regard to PPP compliance during the coronavirus pandemic, and we are representing companies in PPP loan fraud audits and investigations as well. The Justice Department is hot on their trail. 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. He allegedly blew through about $200,000 in Las Vegas casinos, where he was caught on surveillance cameras at a Bellagio blackjack table. 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. A second PPP2 program was authorized by Congress for $275 billion. I appreciate your consideration/guidance/help/time. If the PPP debt is not forgiven, the interest rate is very low 1%. You can search and filter the list, but only flagged loans will be shown. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis. 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. 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. The complaint alleges George provided false and misleading documents and apparently couldnt keep his fake employees straight. Diamond Blue Smith, a recording artist, is charged with being part of the nationwide $24 million scam ring mentioned above. DOJ prosecutors may also pursue civil penalties, not just criminal prosecutions, particularly around loan forgiveness. Melissa Turasky, a Chicago restaurateur, was charged with submitting a fraudulent PPP loan application to obtain more than $175,000 in a forgivable PPP loan. This has caused some entrepreneurs, employers and owners to think twice about applying. 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 used the loot to buy a Tesla car, make personal investments and make his home mortgage payments. Man Uses Forgery to Get EIDL and PPP Loans (North Carolina August 25), 38. They do not appear to be honest mistakes. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. 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. The above numbers are through January 2021, and new instances are being announced regularly. He then allegedly transferred the illicit gains to his personal bank accounts. 1344. He allegedly applied for $441,000 under the Federal Paycheck Protection program. Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. 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. Some of the law enforcement agencies involved in investigating are: The Board of Governors of the Federal Reserve System and Bureau of Consumer Financial Protection Office of Inspector General; Small Business Administration Office of Inspector General (SBA-OIG); Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG), and the FBI. However, the Government watchdog also recommended oversight of the 4 million smaller loans. Another key aspect of the PPP is that loans issued under the program are eligible for forgiveness if they are used entirely for authorized purposes. Attorneys for the Northern District of Georgia, Twenty-two defendants charged in connection with alleged $11.1 million Paycheck Protection Program fraud scheme, https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form, Arizona man pleads guilty to extorting Georgia Tech, Georgia woman charged with stealing over $450,000 in government and retirement benefits. 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. Dr. Nick Oberheiden, founder of Oberheiden P.C., focuses his litigation practice on white-collar criminal defense, government investigations, SEC & FCPA enforcement, and commercial litigation. Legitimate small companies and self-employed individuals needed speed. All visitors to this Website are informed that Oberheiden P.C. For further information please contact the U.S. Attorneys Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. Victor Montgomery, 43, of Washington, D.C.. Under the CARES Act, companies are only eligible to receive one PPP loan from one lender at a time. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. Local Basketball Coach Indicted (Florida November 13), 66. 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. A requirement of forgiveness is that borrowers must rehire or retain workers and maintain salary levels. Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. Due to a high volume of calls, we are unable to take on more PPP clients at this time. Although the amount of the loans, $9,400 and $20,800, are not as large as some on the list, United States government agencies are not giving them any slack. Call 888-680-1745 for Central Intake with Dr. Nick Oberheiden, https://lawyers.findlaw.com/lawyer/practice/white-collar-crimes, https://lawyers.findlaw.com/lawyer/practice/business-commercial-law, https://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud, https://bench.co/blog/operations/how-to-apply-first-ppp-loan/, https://www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process, request a free PPP risk assessment online, Anti-Counterfeiting & Brand Protection Attorneys. 75 Ted Turner Dr. SW The criminal complaints describe egregious CARES Act abuse, assuming the government ultimately proves the allegations. (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. Robert, youre probably right about finding fraud for years to come. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Terrence Deshun Williams, named one of Floridas high school basketball coaches of the year, was charged with fraudulently obtaining $984,710 in PPP loan money for a consulting company. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ Ma is alleged to have falsely represented to the SBA and five financial institutions that his companies had hundreds of workers when he was the only employee. Louis was awaiting trial on unrelated charges dating from 2014 2015. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. Our mission is to bring you "Small business success delivered daily.". Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. According to the SBA, the Paycheck Protection Program ended on . Agriculture, Forestry, Fishing and Hunting. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. This table shows the top 5 industries in Georgia by number of loans awarded, with average loan amounts and number of jobs reported. 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. It is not intended as legal advice. He received $593,590. An official website of the United States government. Advice. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. Fraudulent Loans List :: PPP Detective Fraudulent Loans List These loans have been flagged by other users as potentially being fraudulent. Millions of dollars of coronavirus relief funds meant to keep employees on the payroll were instead blown on extravagant personal spending sprees all by a relatively small handful of people. Authorities allege he used the money to buy a $1 million home and pay for $30,000 in home improvements. On March 27, 2020, Congress passed and President Trump signed into law the Coronavirus Aid, Relief, andEconomic Security(CARES)Act authorizing the low-interest, forgivable loans. Aditya Raj Sharma, the founder and former CEO of Crosscode Inc., a cloud-based software development company, was charged with misrepresenting facts to get a PPP loan. The estimated amount was about. 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. But it may not take that long. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. 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. 90 PPP Applications in This Fraud Ring (Ohio and Florida August 6), 33. 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. Owners of Chain of Nail Salons (New York December 10), 71. The Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. Its alleged they falsely claimed to have dozens of workers at 4 different businesses, including a restaurant neither owned. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? NOTICE: Prior results do not guarantee similar outcomes; attorney advertising. David Christopher Redfern of Trinity, North Carolina is charged with fraudulently getting EIDL (Economic Injury Disaster Loan) and PPP funds totaling $414,000. Main Office: 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. He allegedly used those funds to buy a 33-foot Cruisers Yacht for $300,000, a $1.13 million rowhouse, and a $46,000 luxury Kia Stinger. They allegedly discussed their fraud in email and one assumed the identity of his own brother. 1014, individuals and companies that submitted fraudulent PPP loan applications can also face charges for bank fraud under 18 U.S.C. If your company received a PPP loan, is it at risk? Two-Man Fraud Ring for PPP Loans (Oklahoma December 18), 76. Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. Whoa! 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. 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.. Darrell Thomas, 35, of Duluth - pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud and one count of money laundering. The Government alleged that Chanchikyan submitted fraudulent loan applications seeking approximately $345,000 in COVID-19 relief funds through his home health agency, Gentle Touch Home Health Care Inc. Stephen J. Cox, the U.S. Attorney for the Eastern District of Texas, wrote in an op-ed in Texas Lawyer: Rest assured that we will be careful not to discourage legitimate businesses from accessing the important financial resources that Congress made available through the CARES Act. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. Along with its application requirements, the CARES Act also establishes requirements for how companies use, and account for the use of, PPP loan funds. As part of their crimes, the defendants not only submitted false information for the business loans, but for the PPP, they also allegedly created fake Internal Revenue Service documentation to support the applications. 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.. To this end, all companies that received PPP loans would be well-advised to proactively conduct an internal PPP compliance investigation. Jase DePaul Gautreaux aka Jase Dixon, a funeral director in Houston, is charged with seeking $13 million in loans and ultimately receiving over $1.6 million. A Swimming Pool and Money Abroad (Minnesota November 16), 67. He had been removed by the Board of Directors from his company in 2019, yet submitted an application in the name of Crosscode dba Kloudgaze. He received over half a million dollars in PPP funds, and allegedly put a down payment on a pool and transferred money to a financial account in India. 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. A lock ( Darrell Thomass sentencing is set for September 15, 2021 before Judge J.P. Boulee. Just when you think you cant be any more surprised by PPP fraud . 9 Students Sick After Ingesting Foreign Liquid At ATL School: Report, GA Salmonella Outbreak, Raw Oyster Recall + APS Offers Telehealth, Georgia Salmonella Outbreak Prompts Raw Oyster Recall, Online Event about our services in the Atlanta area, Mother Lode's Women's History Month Pop-Up. The Feds froze his bank account and recovered $402,000. 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. If an applicant knowingly answers any of these questions falsely, it may face False Claims Act liability.. Brandon Casutt of Henderson, Nevada, is charged with EIDL and PPP fraud to the tune of $500,000. The tool below can be used to search all publicly released PPP recipients in GA. Diverted Funds to Relatives and Minor Children (New Jersey November 19), 70. 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. Specifically, if and when Firm cooperates with Local Counsel, Firm will disclose the details to the client in writing for their approval. Man Gives 23 People Pandemic Pay, Buys House (Nevada August 26), 39. Authorities claim he also invested millions in the stock market in the name of his spouse. Steven R. Goldstein and his business partner, Raymond Magana are charged with applying for $2.5 million in loans and actually receiving over $1.95 million. Its intended to offer news and peer perspective on an important issue that affects us as business owners. 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. The technical storage or access that is used exclusively for anonymous statistical purposes. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Lock These are significant questions, and they are questions that you need to answer sooner rather than later. After the PPP loan proceeds were deposited into the businesses accounts, the businesses transferred more than $5.5 million of the PPP loan proceeds into accounts controlled by Darrell Thomas, purportedly for rental payments and payroll. Dinesh Sah of Dallas was indicted on charges he filed 15 fraudulent loan applications to 8 lenders in the total amount of $24.8 million. Charles Petty a/k/a Charles Knight, 48, 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 the loan obtained by Transportation Management Services Inc. Jerry Baptiste, 43, of College Park, 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 the loan obtained by Transportation Management Services Inc. Derek Parker, 56, of Rochester Hills, Michigan, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, D Parker Holdings Inc. David Belgrave II, 49, of Lexington, South Carolina, 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 the loan obtained by his business, Continuing Success Inc. Charles Hill IV, 45, of Norcross, Georgia, is 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. Ryan Whittley, 35, of South Holland, Illinois, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, ML Exotic Customs Inc. El Hadj Sall, 39, of Jacksonville, Florida, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, Bellevie Corp. Rick McDuffie, 50, of Little Rock, South Carolina, is charged with conspiracy to commit wire fraud and wire fraud in connection with the loan obtained by his business, Mickies Auto and Tire LLC. He allegedly squandered thousands at strip clubs and nightclubs. 2023 Cox Media Group. Call 888-680-1745 for Central Intake with Dr. Nick Oberheiden Criminal Law & Process, PPP fraud What are the Red Flags for PPP Loan Fraud? Man Couldnt Keep His 19 Fraudulent Applications Straight (Michigan September 1), 44. The pair allegedly received $97,800 and $125,900 respectively. However, we have created a list of PPP resources that should help you with any challenges that you might have. 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. References to a particular city or state other than Dallas, Houston, and Texas in any article or anywhere on this website does NOT mean that Firm maintains an office in that location, and it does NOT mean that Firm has attorneys physically located in that city or state. Georgia and South Carolina Fraud Ring with 11 People (Georgia, January 28, 2021). So youre really that miserable that you would call and report someone ? The allegations claim he submitted a tax return reporting $175,565 income for tax year 2019. Hayford later pleaded guilty. The PPP loan applications reported that each business had between 59 and 69 employees and approximately $295,000 to $342,000 in average monthly payroll expenses. Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank 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. Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. The PPP allows the interest and principal on the PPP loan to be entirely forgiven if the business spends the loan proceeds on these expense items within a designated period of time and uses a certain percentage of the PPP loan proceeds for payroll expenses. 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. See how PPP works. He claimed to have 400 employees but actually had zero. They allegedly used the proceeds to make down payments on personal homes. And you wont believe how rotten they are. Celebrities, entertainers and business leaders are among 19 people recently indicted in Georgia on charges that they defrauded the Paycheck Protection Program for a total of more than $3 million. An official website of the United States government. 2023 Oberheiden P.C. According to the SBA, the Paycheck Protection Program ended on May 31, 2021. 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. August 6 ), 27 particularly around loan forgiveness workers at 4 different,! And clear misuse of PPP resources that should help you with any challenges that you need to answer rather!, 44 Winston James were charged separately but allegedly worked together to carry out their.... In Las Vegas casinos, where he was caught on surveillance cameras at Bellagio... 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