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. He was approved for $3.9 million. He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. Authorities revealed they recovered $1.3 million of the funds. 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. The loan applicants forgiveness process is bound to trigger another round of scrutiny. The case was investigated by the FBI and SBA-OIG. US Attorney's Office for Middle District of Ga. investigates high volume of PPP loan fraud By Jessie Gibson Published : Jun. If you dont know, those are characters from the Game of Thrones TV series. A Porsche and Lamborghini (Texas November 17), 68. 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. 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.. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. Unfortunately, the owners of Victoria Nails & Spa saw this program as their own personal piggy bank.. A crucial aspect of the PPP is that companies are only allowed to use the funds they receive for specific authorized purposes. For further information please contact the U.S. Attorneys Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. He allegedly received over $1.6 million. Terry was sentenced to 65 months in federal prison for other cases. 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. Tiara Walker was charged with conspiracy and fraud charges involving a crime ring that prepared at least 90 fraudulent applications and attempted to get $24 million, ultimately receiving $17.4 million dollars. Restaurant Owner and Son Charged ( North Carolina December 17), 75. They do not appear to be honest mistakes. Luckily, the Feds have recovered a large part of the loan proceeds already, although millions is forever gone. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. He also agreed to forfeit various assets, including more than $2.1 million in seized funds, three luxury vehicles a 2018 Mercedes-Benz S-Class S65AMG, a 2018 Land Rover Range Rover, and a 2017 Acura NSX and several items of jewelry, including a gold Rolex. 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. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. Owners of Chain of Nail Salons (New York December 10), 71. bank fraud, making false statements to an FDIC-insured financial institution, or making false statements to the SBA). Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. 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. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, "knowingly execut [ing], or attempt . ) or https:// means youve safely connected to the .gov website. Atlanta, GA 30303-3309. Arman Manukyan, a San Fernando Valley man, is charged with fraudulently obtaining an $867,000 loan for a shell sewing company, Argo Global. She allegedly submitted fake IRS form 940 filings (showing employment taxes claimed to be paid) for her company, Heavenly Tahoe Properties. The charges allege the usual. 1014). Elijah Majak Buoi, president of Sosuda Tech LLC, is charged with fraudulently applying for over $13 million in PPP aid. 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. U.S. Attorney's Office, Northern District of Georgia, Former U.S. 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. Nine EIDL and PPP Loan Applications (Washington October 27), 62. 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. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. In July, the Feds seized $866,019 from his bank accounts. 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. Copyright 2003 - 2023, Small Business Trends LLC. He received $593,590. While the government is helping those in need, law enforcement is swiftly addressing these vulnerabilities. The defendants are presumed innocent of the charges, and it will be the governments burden to prove the defendants guilt beyond a reasonable doubt at trial. Miles allegedly used the gains to purchase a Bentley and Cadillac, and withdrew hundreds of thousands of dollars. Feel free to share this infographic (attribution required) on your own site by copying and pasting the code below: Could these prosecutions involve nothing more than paperwork mistakes? Transferred $335k to Personal Accounts (California -October 29), 63. 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. 95% Success Rate. 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. 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. 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. The Form 941s, bank statements, and W2 payroll spreadsheets had all been fabricated. Lyft Software Engineer (Washington May 22), 9. According to U.S. Attorney James Kennedy, Mr. Hayford later pleaded guilty. U.S. Attorney's Office, Northern District of Georgia, Former U.S. No. I was put on furlough for almost 2 months from mid April to end of June. 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. Around 1.8 million of the PPP's 11.8 million loans showed signs of fraud, according to an academic working paper cited by The New York Times. Owner of Private Investigation Firm (Ohio June 24), 18. Share sensitive information only on official, secure websites. Six individuals, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Apparently one tim isnt enough for some people. Manhattan Businessman (New York May 21), 6. He allegedly created fake technology companies to obtain $1.5 million in funds. 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. 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. Have a question about Government Services? Well at least the Feds got that back. Treasury names 650K small businesses receiving govt loans, Why the Small Business Administration loan program frustrates borrowers, More than 5,000 PPP loans, totaling more than $200m, approved in Clarke County, Click here to search our PPP loan database, Your California Privacy Rights / Privacy Policy. 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. Game of Thrones Inspired These Fake Company Names (North Carolina September 29), 54. Sum of Forgiven Amount. 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. (Shutterstock) ATLANTA Federal fraud charges were filed against. He also allegedly was involved in a scheme claiming to represent the New York State Government in procuring COVID-19 test kits. One was on behalf of a company called Texas Barbecue and the other called Houston Landscaping. Anecdotally, however, courts are routinely handing down . He allegedly applied for $441,000 under the Federal Paycheck Protection program. 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. You can search and filter the list, but only flagged loans will be shown. Man Gives 23 People Pandemic Pay, Buys House (Nevada August 26), 39. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. 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. 1343) and making false statements to the SBA and FDIC-insured banks (18 U.S.C. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. The defendants are accused of submitting at least 14 fraudulent loan applications around April-August 2020 in attempts to get more than $14.7 million, the DOJ said. Members of the public are reminded that the indictment only contains charges. 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. Number of Loans Forgiven. 1014, individuals and companies that submitted fraudulent PPP loan applications can also face charges for bank fraud under 18 U.S.C. Want to know if your employer got aPaycheck Protection Planor 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. 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? 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. Also, the seizure warrant revealed multiple California unemployment benefits debit cards. Las Vegas Man Hits 7 Different Lenders (Nevada January 28, 2021), 79. In reality, however, none of the businesses had employees or payroll expenses. The Cryptocurrency Investor (Texas July 14), 25. 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. Sum of Current Approval Amount. Miami Chiropractor (Florida July 29), 31. Have a question about Government Services? The maximum PPP loan is based on 20.83% of your Schedule C income. A lock ( She deposited the proceeds into four bank accounts, but that didnt hide it from authorities who seized her ill-gotten gains. Stopping COVID-related fraud is a priority for the Department of Justice. Authorities allege he used the money to buy a $1 million home and pay for $30,000 in home improvements. 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. Man Uses Aliases to Seek $22 Million (California October 2), 56. All rights reserved. Instead, the businesses used the funds for various personal expenses. Miami Wannabe Farmers (Florida August 26), 40. PPP2 started accepting applications on January 11, 2021. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. If you got funding after June 5, you have five years to repay. Defunct Chicago Restaurateur (Illinois August 28), 42. 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 complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. Allegedly he submitted fake IRS 1099 Forms containing worker social security numbers that were invalid. Authorities say he went on a personal spending spree with taxpayer money. Search our database that is tracking this information. 18, 2021 at 12:18 PM EDT | Updated : Jun. Court documents identify 3 confidential human sources, i.e., informants. 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. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories: Augusta-area physicians, clinics also able to tap into PPP loans, Database: Click here to search our PPP loan database, Biden extends to Paycheck Protection Program, President Joe Biden has signed a bill extending the Paycheck Protection Program and is "pushing lenders to raise their game," in the wake of the coronavirus pandemic. 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. Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . Eight other defendants include Damion O. Mckenzie, Andre M. Clark, Keyaira Bostic, Wyleia Nashon Williams, James R. Stote, and Ross Charno, all of Florida. 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. He allegedly transferred a quarter million dollars of proceeds to his personal brokerage account. Authorities claim he also invested millions in the stock market in the name of his spouse. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. 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. Andrew Marnell of Los Angeles is charged with bank fraud. They allegedly filed fake tax documents to support the loan applications. Then turns around and starts writing checks to Lamborghini dealerships. Atlanta, GA 30303-3309. 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. He spent $29,ooo on a Harley Davidson. Brandon Casutt of Henderson, Nevada, is charged with EIDL and PPP fraud to the tune of $500,000. 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. The case was brought in Los Angeles, California. While egregious and clear misuse of PPP loan funds presents a clear risk, expenditures that blend business and personal purposes (i.e. Walmart Project Manager (Oklahoma June 4), 10. 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. He allegedly squandered thousands at strip clubs and nightclubs. 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. A lock ( 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. Lee Price III is charged with making false statements to a financial institution, wire and bank fraud and engaging in unlawful monetary transactions. Ex-Microsoft Executive (Washington July 23), 28. Its going to raise a red flag. When the SBA-OIG or DOJ launches an investigation, executing an effective and timely defense is imperative. 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. The allegations say he submitted fake IRS documentation. This is the latest in an onslaught of PPP fraud cases in Georgia and across the U.S. . 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. He claimed to have 400 employees but actually had zero. The government was able to seize $6.5 million. 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. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. 17 Mtskheta str . Along with Katrina Lawson, 41, a former Futon County Sheriffs deputy living in Houston, Quarterman learned the requirements for the PPP and EIDL programs and began submitting applications for friends and family members who didnt actually own businesses, then charge a fee once the SBA or partner banks paid out the fraudulent loans.They expanded the scheme by recruiting co-conspirators who would mostly text their bank and personal information to Quarterman, who would, in turn, provide the information to Lawson to submit the applications.Federal prosecutors accused some of Lawsons and Quartermans co-conspirators of recruiting more additional participants to funnel through the application process and also creating fake tax documents to support the bogus SBA applications. Secure .gov websites use HTTPS Agriculture, Forestry, Fishing and Hunting. Lauren Marcel Duhart, Joshua Bernard Smith, Steve Ronald Lewis, Christopher J. Agard, Henry Duffield, Jeremy Brandon Latourneau, Derick Keane were charged in an indictment with laundering $750,000 obtained fraudulently, including over $390,000 from a PPP loan. 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. This station is part of Cox Media Group Television. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. 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. Celestine Coletta Strong, Jawuan Polk, Patrick Earl Lewis, and Tyzhaun Marqui Lewis were charged in connection with a scheme to fraudulently obtain PPP funds. Giraldo Caraballo allegedly falsely applied for and received around $420,000 in PPP funds. 1349, individuals and companies charged with attempt can face the same penalties that apply to the successful completion of a criminal offense (i.e. He then went on a luxury buying blitz acquiring a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck, and real estate according to allegations. Man Flashes $100 Bills in Rap Video (New York September 10), 48. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. 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. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. Trucking Company Owner (Utah July 8), 22. He will just out of prison. Diamond Blue Smith, a recording artist, is charged with being part of the nationwide $24 million scam ring mentioned above. 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. A second PPP2 program was authorized by Congress for $275 billion. If your company received a PPP loan, is it at risk? 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. A $106K Mercedes and a Ford F-250 (Florida October 23), 61. Applied for PPP Loan While out on Bail (Tennessee November 9), 64. Which goes to show that most of the defendants arent very smart. NEWNAN, Ga. - Ten defendants, who operated as part of a larger group, have been indicted for participating in a wide ranging, multi-state scheme to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Our searchable database allows users to look up dollar allotments by industry, and lenders. In such a case, a client will sign an engagement exclusively with the Local Counsel. Azhar Sarwar Rana, 30, of Newton, New Jersey, was charged for submitting a fraudulent application for a real estate development company, and falsified payroll data. Dr. Eric R. Shibley is charged with one count of wire and bank fraud each. Find an attorney to defend youhttps://lawyers.findlaw.com/lawyer/practice/white-collar-crimes Ten people indicted in Metro Atlanta, Houston and D.C.-Maryland area on federal fraud charges for false CARES Act applications. 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. Fake Sewing Company Owner Fled Country (Los Angeles August 11), 36. Bank of America PPP loans class action overview: Who: Three small businesses are suing Bank of America over its management of PPP loans. 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. Victor Montgomery, 43, of Washington, D.C.. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. 75 Ted Turner Dr. SW Joshua Thomas Argires of Houston was arrested on various fraud charges. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. Carlos Belone was charged with wire fraud and other charges in connection with several fraudulent applications. In many cases, this will require more than merely recording the transaction itself. Three-State Ring (Georgia, Ohio and California August 6), 32. ATLANTA Federal fraud charges were filed against 10 people, including six Metro Atlanta residents, who stole more than $700,000 in COVID-19-related government aid, prosecutors said. Attorneys office, the companies didnt exist or didnt have the employees he claimed. High-Living Florida Man (Florida July 27), 29. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. So far, six people, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Its alleged he then blew the money on a Rolex Presidential watch, a 5.73 carat diamond ring and other jewelry. Besides Alicia Quarterman, 38, of Fayetteville, Georgia, and Katrina Lawson, 41, of Houston, Texas, the following individuals also participated in the scheme and are charged in the indictment: Overall, between July 1, 2020 and August 11, 2020, Quarterman sent Lawson the information for about 48 different individuals, and she allegedly completed approximately 58 fraudulent EIDL applications, seeking $490,000. , 2021 at 12:18 PM EDT | Updated: Jun ( Georgia, Former U.S handing down allegedly for. Home improvements prison Sentence 17 ), 75 Angeles, California these technologies will allow to... Is set for October 6, 2021 Washington May 22 ), 9 a Tuscan-style mansion on.... Turner dr. SW Joshua Thomas Argires of Houston was arrested on various fraud charges were ppp loan frauds list in georgia! Allegedly received $ 17.3 million and spent the money on a Bentley convertible well. 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