Attorney Buys Million Dollar Home (New Jersey September 2), 45. The maximum that one person can get for a PPP loan is $20,833. 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. This table shows the top 5 industries in Georgia by number of loans awarded, with average loan amounts and number of jobs reported. Depending on the charges, penalties could include up to $1 million in fines and up to 30 years in prison, legal experts say. Victor Montgomery, 43, of Washington, D.C.. Man Uses Aliases to Seek $22 Million (California October 2), 56. Kindambu made some expensive personal purchases that authorities say were not permissable under the loan terms, including the plane the Lexus. Deon D. Levy and Abdul-Azeem Levy of Ohio also are charged. John Gaines a/k/a Marty Gaines, 56, of Marietta, 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 Gaines Reservation and Travel. Walmart Project Manager (Oklahoma June 4), 10. Jae H. Choi, a licensed attorney in New Jersey, was charged with getting $9 million in PPP funds from three different lenders, based on fabricated employees and forged documents. Another report by the SBA OIG found tens of thousands of examples of companies that received PPP loans ineligibly. Medical Company Owner (Florida July 10), 23. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. All rights reserved. He got $5.6 million and sent hundreds of thousands of dollars to Pakistan accounts, and paid for luxury items. 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. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat.. Miami Wannabe Farmers (Florida August 26), 40. The bank recalled one loan and the Government seized funds for the other two. Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. 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. If you dont know, those are characters from the Game of Thrones TV series. But in this PPP fraudulent case, five individuals from three states are charged with conspiracy to fraudulently get over $4 million and misusing the proceeds. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. A .gov website belongs to an official government organization in the United States. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. The Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. Thomas sentencing is set for September 15. Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . A lock ( Loot paid for with PPP loan money included two Lamborghini Huracan sports cars, a Rolex Presidential watch, a 5.73-carat diamond ring, a diamond bracelet, two Tesla cars, a 26-foot Pavati Wake Boat, a 33-foot Cruiser yacht, two Rolls-Royces, a Lamborghini Urus luxury SUV, a Kia Stinger, a Ford F-350 pickup truck, at least three Bentleys, and an assortment of other pricey vehicles and boats. Sign up for free Patch newsletters and alerts. Michael C. Moller was charged with fraudulently seeking $4.7 million in PPP forgivable loan that he applied for in the name of various people including his father, girlfriends brother and girlfriends son. Days later she paid $8,000 on her student loan and then went on a spending spree at Sephora and other retailers, it is alleged. Court documents identify 3 confidential human sources, i.e., informants. Gaines is set to be sentenced on October 6. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. After obtaining a second search warrant for the cell phones, USPIS inspectors uncovered hundreds of text messages and photos related to an additional crime, fraudulent EIDL and PPP business loans. This station is part of Cox Media Group Television. 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. He allegedly squandered thousands at strip clubs and nightclubs. 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. Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. Richard B. Russell Federal Building Or do you want to know whichcompanies got taxpayer-fundedloans? Authorities allege they falsely claimed to be farmers in the yards of their small homes. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. 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. However, in conjunction with the submission of an EIDL application, by having clicked on and checked a box within the on-line application, an applicant could request and then receive up to $10,000.00, an EIDL Advance which did not have to be repaid. Part of the scheme allegedly involved a cystic fibrosis foundation he ran, called Skylar CF Foundation. The indictment alleges Kanan was under federal indictment on an unrelated matter at the time. The criminal complaints describe egregious CARES Act abuse, assuming the government ultimately proves the allegations. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, "knowingly execut [ing], or attempt . PLANNED PARENTHOOD MUST BE PROSECUTED FOR TAXPAYER MONEY THEFT! 2023 www.onlineathens.com. 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. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. Joshua Thomas Argires of Houston was arrested on various fraud charges. The complaint states they received loans of $450,000 and some of the proceeds were allegedly used to purchase a Mercedes E400. The overwhelming majority of small businesses have no allegations of Paycheck Protection Program fraud. Construction Company Owner (Washington D.C. July 13), 24. Heres a list of the PPP loan prosecutions to date: 1. Businesses that have to repay the loan get 2 years to repay if funding was issued before June 5. In order to get Paycheck Protection loans forgiven and not have to repay the loan, owners have to show proof that at least 60% was used for payroll and the rest for other permitted expenses. He has now gotten over $100K from all 4 businesses I reported 3 times and no response.. nothing! Are you at risk? The PPP promissory note you signed will have the terms applicable to you. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. All rights reserved. A 2020 Bentley Continental and Cadillac Escalade (New York December 21), 77. The above numbers are through January 2021, and new instances are being announced regularly. These purposes include the payment of payroll and related expenses, the payment of insurance premiums, the payment of rent and mortgage interest under pre-existing obligations, and the payment of business utility bills. Sum of Current Approval Amount. Dennis Nobbe, a chiropractor in Miami, is charged with wire and health care fraud, money laundering and conspiracy. 18, 2021 at 12:18 PM EDT | Updated : Jun. This alleged PPP ring paid each other for services never rendered to try to hide the money trail. 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. Find an attorney to defend youhttps://lawyers.findlaw.com/lawyer/practice/white-collar-crimes Larry Jordan and Sutukh El, two brothers, are charged with fraudulent PPP loan applications to the tune of $7 million, and actually receiving over $600,000. The defendants allegedly abused both programs by submitting fraudulent applications and obtaining thousands of dollars that should have gone to support struggling businesses. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. Diverted Funds to Relatives and Minor Children (New Jersey November 19), 70. 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. 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. Izzat and Tarik Freitekh, a father-son duo, were charged with lying and forging IRS records to obtain $1.7 million in PPP funds for three different businesses. Former Police Officer Sentenced For Money Laundering. Under the CARES Act, companies are only eligible to receive one PPP loan from one lender at a time. Recording Artist Buys Ferrari with PPP Money (Florida October 6), 57. Lee Price 3rd in Houston defrauded SBA of $1.6 million despite a 14 year record of crimes. The U.S. Department of Justice say that approximately $11.1 million in PPP loans were taken and the funds were then used to buy luxury vehicles, jewelry, and other personal items. Lock IT Company Owner (Illinois June 16), 13. 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. 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. (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. In April he allegedly obtained a PPP loan of $1.7 million by falsely certifying that GMP Cars had staff for whom it paid salaries and payroll taxes. 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.. 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 Also, the seizure warrant revealed multiple California unemployment benefits debit cards. 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. Federal authorities claim they used some of the coronavirus pandemic funds to buy luxury automobiles. Are you or your company at risk for facing allegations of PPP loan fraud? Due to a high volume of calls, we are unable to take on more PPP clients at this time. 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