Federal authorities claim they used some of the coronavirus pandemic funds to buy luxury automobiles. [SIGN UP: WSB-TV Daily Headlines Newsletter]. He received $593,590. Law enforcement assisting in the investigation included the Small Business Administration OIG office, the FBI, FDIC and others. To speak with one of our senior federal compliance and defense attorneys in confidence, call 888-680-1745 or request a free PPP risk assessment online now. This means you have to be just as scrupulous when applying for forgiveness as when you applied for the loan initially. Our searchable databaseallows users to look up dollar allotments by industry, and lenders. 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. Chain Pizza Owner Charged With PPP Fraud (Michigan November 12), 65. 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. 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. He then allegedly transferred the illicit gains to his personal bank accounts. Authorities say he went on a personal spending spree with taxpayer money. But the program attracted a few rotten apples that committed PPP loan fraud. In addition to fraud, this could have been for a variety of reasons, including companies that owe money to the government and are in a federal Do Not Pay database, or companies that received more than they should have. Mohan Mukand, who used to work for Microsoft and Amazon according to his LinkedIn profile, is charged with submitting 8 PPP applications on behalf of six companies. Rob, have you reported that to the DOJ PPP fraud hotline? 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. Darrell Thomass sentencing is set for September 15, 2021 before Judge J.P. Boulee. 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. 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. SBA partner banks initially approved 11 of the fraudulent PPP loans Lawson submitted and ultimately paid . 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. 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. Millions of Americans eventually will apply for forgiveness. Share sensitive information only on official, secure websites. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. A Swimming Pool and Money Abroad (Minnesota November 16), 67. 17 Mtskheta str . 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 squandered cash at luxury retailers and Miami resorts. A $106K Mercedes and a Ford F-250 (Florida October 23), 61. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. Authorities seized the Range Rover, worth about $125,000, jewelry, $120,000 in cash, and $3 million from 10 bank accounts. 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. 75 Ted Turner Dr. SW 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. Justice Department lawyers remind everyone that, A criminal complaint is merely an allegation and a defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.. 2023 Oberheiden P.C. Want to know if your employer got aPaycheck Protection Planor PPP loan? Andrew Marnell of Los Angeles is charged with bank fraud. Fayne allegedly claimed he had 107 workers and submitted forged bank statements. 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. 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. Number of Loans Approved. Clients and prospective clients should be aware that when referencing to Firm's experience, this experience may combine the knowledge and experience of both Firm and its frequently used Local Counsel in the aggregate. Nationwide Federal Defense, Compliance and Litigation. Firm's engagement letter and Firm's website disclaimers provide additional details. Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justices National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form. High-Living Florida Man (Florida July 27), 29. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. Thats a great point, Alex! An official website of the United States government. Sum of Forgiven Amount. The maximum that one person can get for a PPP loan is $20,833. Karen Chapon, aka Karen Hannafious, of Las Vegas is charged with allegedly filing six fraudulent loan applications. William Sadleir, the ousted head of Aviron Pictures, was charged with wire and bank fraud in connection with a $1.7 million PPP loan. Someone we know got 4 PPP loans, all under diff businesses, but almost certain he submitted all the same ppwk for each business. What are the Red Flags for PPP Loan Fraud? I was not hired back. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ They have fewer than 500 employees, qualify as a small business concern under Section 3 of the Small Business Act, or meet one of the limited number of other PPP eligibility standards; and, Their owners are eligible to participate in SBA programs such as the PPP (i.e. 4 Of The Best Ice Cream Spots In The Atlanta Area Vegan, Too! The tool below can be used to search all publicly released PPP recipients in GA. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. Its alleged they falsely claimed to have dozens of workers at 4 different businesses, including a restaurant neither owned. 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.. 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. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. When making use of PPP loan funds, companies should extensively document their expenditures in order to demonstrate that they have used their PPP loans for authorized purposes only. In order to account for all disbursements from their PPP loans, companies should deposit their loans into distinct accounts, and they should not commingle their PPP loan funds with any other company assets. Use our searchable database to see who in Georgia received funds. Five Charged in Connection With PPP Loans Scheme (Wisconsin/Illinois October 22), 60. Also, the seizure warrant revealed multiple California unemployment benefits debit cards. East Texas Man and the Online Name Generator (Texas May 19), 5. Judlex Jean Louis of Lauderhill, Florida, was arrested for aggravated identity theft and other charges for allegedly getting three loans totaling $60,000 using fictional or stolen identities. Read more. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. U.S. Attorney Brian T. Moran said in a statement, I am pleased that the systems designed to detect and deny fraudulent payments caught his scheme before federal funds went out the door.. 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. Rocco A. Malanga, owner of a New Jersey small company, was charged with wire and bank fraud for falsifying records to obtain $1.8 million in PPP loans. Its a wild tale. Hayford later pleaded guilty. The maximum PPP loan is based on 20.83% of your Schedule C income. Man Uses Aliases to Seek $22 Million (California October 2), 56. He then allegedly transferred $47,000 to his personal checking account. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. Most of the funds are going to help the nations 31 million small businesses. ) or https:// means youve safely connected to the .gov website. On March 16, 2020, Attorney General William Barr directed all 94 U.S. Attorneys Offices to prioritize investigating and prosecuting PPP loan cases of fraud. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. 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. DOJ prosecutors may also pursue civil penalties, not just criminal prosecutions, particularly around loan forgiveness. "Small Business Trends" is a registered trademark. Medical Company Owner (Florida July 10), 23. He allegedly certified that his business was operating as of February 15, 2020 (a requirement of the law) and had 247 employees, but didnt even set up a company entity until a few days before applying for the PPP loan. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat.. Gwinnett County man accused fraudulently filing for millions in PPP loans. Restaurant Owner and Son Charged ( North Carolina December 17), 75. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. 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. 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. Princess Terry of Memphis is alleged to have filed and fraudulently obtained $290K in PPP loan funds while on pre-trial release in an unrelated healthcare fraud case. (Shutterstock) ATLANTA Federal fraud charges were filed against. A pair of Georgia businesses are in hot water over fraud allegations related to their PPP loans. 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 Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. Ultimately Ugarte received funds from Transportation Alliance Bank. Glad theyre doing the work to clean it up and recover some of these funds. - Federal Lawyer We Will Protect Your Rights, Reputation and Freedom. 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. She allegedly submitted fake IRS form 940 filings (showing employment taxes claimed to be paid) for her company, Heavenly Tahoe Properties. Married Couple Attempting to Flee (Virginia June 24), 17. After leaving the hotel he opened GMP Cars. It is not intended as legal advice. He got up to $5.7 million in loans. Ronald Bell, who conspired to extort money from Georgia Institute of Technology, has pleaded guilty to a charge of conspiracy to commit extortion. Dr. Eric R. Shibley is charged with one count of wire and bank fraud each. 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. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. Wads of cash, casino runs and strip club visits also figured in the mix in the PPP loan fraud spree. 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. David Christopher Redfern of Trinity, North Carolina is charged with fraudulently getting EIDL (Economic Injury Disaster Loan) and PPP funds totaling $414,000. Are you or your company at risk for facing allegations of PPP loan fraud? Assistant U.S. Attorney Miguel R. Acosta is prosecuting the case. One was on behalf of a company called Texas Barbecue and the other called Houston Landscaping. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. Case data source and image source: Justice.gov. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. Another report by the SBA OIG found tens of thousands of examples of companies that received PPP loans ineligibly. 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. I did too!! Attorneys, including the Fraud Section, have resulted in a variety of charges, including wire fraud (18 U.S.C. All information on this website has been prepared for informational purposes only and does not constitute legal advice. Defunct Chicago Restaurateur (Illinois August 28), 42. Man Flashes $100 Bills in Rap Video (New York September 10), 48. So far, six. Other red flags for PPP loan fraud include atypical business activities such as forming new business entities and entering into new debt obligations. 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. If the PPP debt is not forgiven, the interest rate is very low 1%. Researchers estimate that $76 billion in PPP loan money was taken illicitly. Official websites use .gov A .gov website belongs to an official government organization in the United States. See how PPP works. The complaint states they received loans of $450,000 and some of the proceeds were allegedly used to purchase a Mercedes E400. Owner of Private Investigation Firm (Ohio June 24), 18. Where: The Bank of America PPP loans class action was filed in a California federal court. She deposited the proceeds into four bank accounts, but that didnt hide it from authorities who seized her ill-gotten gains. 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. Eight other defendants include Damion O. Mckenzie, Andre M. Clark, Keyaira Bostic, Wyleia Nashon Williams, James R. Stote, and Ross Charno, all of Florida. He allegedly submitted false documentation on behalf of multiple companies purporting to register emotional support animals. He was arrested after he booked a same-day flight to Pakistan. Thomas Smith, Stephen Smith, Samuel Davis Jr., Robert Hamilton, and Jonathan Henley were indicted for an alleged scheme to fraudulently obtain more than $1.1 million in PPP loans. 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. Apparently one tim isnt enough for some people. 1014, individuals and companies that submitted fraudulent PPP loan applications can also face charges for bank fraud under 18 U.S.C. After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. This case is being investigated by the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigation, the U.S. Treasury Inspector General for Tax Administration, and the Small Business Administration-Office of the Inspector General. Court documents identify 3 confidential human sources, i.e., informants. Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. 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. But they apparently werent creative enough, as they submitted nearly identical applications each with 16 employees, and used identical fraudulent quarterly tax returns. The Feds froze his bank account and recovered $402,000. Leon Miles was charged with obtaining funds intended for business owners harmed by the coronavirus pandemic. On average, companies that received a loan got $101,000 according to SBA data. 1014). Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. Its a scary thing for legitimate business owners to sign borrower certifications under potential penalties of fines and prison time. The borrower gets the PPP loan funds into their bank account. Once Quarterman and her co-conspirator, Katrina Lawson, who is a former deputy sheriff for Fulton County, Georgia and is still a certified peace officer, became familiar with the requirements and applications for the EIDL program and the PPP, they allegedly devised a scheme to submit fraudulent business loan applications on behalf of their friends and family who did not actually own businesses. And prison time the payroll and the Online Name Generator ( Texas May 19,. 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