The case was brought in Minneapolis, Minnesota. Mr. Knight has pleaded guilty on March 25, 2022, and his sentencing date is to be determined. Investigations by the DOJ and U.S. The case was brought in Beaumont, Texas. Some employees received about $40,000 in loans, he said. William Sadleir was charged in two caseshe was charged with wire fraud, making false statements to a bank, bank fraud, and money laundering in the Central District of California on July 17, 2020. This case was brought in Milwaukee, Wisconsin. The Government alleged that Mr. Price submitted fraudulent loan applications seeking $1.6 million in COVID-19 relief funds. Jerrica Rosado was charged with conspiracy to defraud the United States. All rights reserved. Campbell pleaded guilty on September 23, 2021, and his sentencing date has not been scheduled at this time. The Government alleged that Chung submitted fraudulent loan applications in the name of Jang & Kim, Inc., Jones Loop Marathon, Inc., SJB Auto Parts Wholesale, Inc., Smile Cool tools HVAC, Inc, Berkeley import, LLC, H Caf, Inc., One Dream, Inc. KO Wholesale, Inc., Shannon Chao, Inc., Alpha Construction & Management, Inc., JKK Artworkible, Inc., North Atlanta Construction & Enterprise, Inc., Jiwoos Beauty lounge, MJ Boom entertainment, AJM Remodeling, Inc., and HJJ Investment, Inc. to obtain COVID-19 relief funds. You can search and filter the list, but only flagged loans will be shown. Called PPP for short, the program offered simple-to-get . On May 20, 2021, Mr. Suber was sentenced to 24 months in prison. The case was brought in Las Vegas, Nevada. The case was brought in Brooklyn, New York. The Government alleged that Mr. Cotton submitted fraudulent loan applications seeking over $312,000 in COVID-19 relief funds. The case was brought in Buffalo, New York. Petty pleaded guilty on November 10, 2020. Scott Suber was charged with one count of bank fraud. Ioannis Kralievits was charged with one count of conspiracy to commit an offense against the United States. It is also alleged that Ms. Ford-Victory received some kickback payments for submitting the claims. Raymond Magana was charged with fraud in connection with major disaster benefits. Princess Terry was charged with wire fraud, making false statements to a bank, and money laundering. The case was brought in Providence, Rhode Island. The PPP allows the interest and principal to be forgiven if businesses spend the . Ms. VanPelt pleaded guilty on August 18, 2021. Lakisha Swope and Treisha Pearson were charged with conspiracy to defraud the United States, bank fraud, wire fraud, and money laundering. Deon is scheduled to be sentenced on October 5, 2022, and Abdul-Azeem is scheduled to be sentenced on October 7, 2022.
What Is PPP Loan Fraud? How Scammers Stole $100+ Billion The Government alleged that Mr. Tezna submitted fraudulent loan applications and obtained $350,000 in COVID-19 relief funds. PPP Loan Fraud Investigations Can Have Various . The case was brought in Detroit, Michigan. The Government alleged that Lawal and Raji submitted fraudulent loan applications seeking over $900,000 in COVID-19 relief funds.
White House Calls for Transparent Investigations After - news.yahoo.com The case was brought in Atlanta, Georgia. Michael McGee, Jr. was charged with attempt and conspiracy to commit fraud, multiple counts of wire fraud, and interstate commerce. On September 20, 2021, Mr. Price pleaded guilty to two counts of wire fraud and three counts of money laundering. Jason Lopez was charged with conspiracy to commit health care fraud and wire fraud, conspiracy to defraud the United States, and payment of kickbacks in connection with a federal health care program. Maurice Kamgaing was charged with wire fraud in relation to a major disaster or emergency benefit, making false statements to a bank, and money laundering. 2022 by The Church Law Firm LLC. Ms. Williams was sentenced to time served with 6 months home confinement on May 25, 2022. Elias Eldabbagh was charged with wire fraud, monetary transaction of criminally derived property, aggravated identity theft, and destruction or removal of property to prevent seizure. 1d ago. The Government alleged that the brothers submitted fraudulent loan applications seeking almost $7 million in COVID-19 relief funds. The Government alleged that Mr. Okojie submitted at least 8 fraudulent loan applications for companies that did not exist seeking millions in COVID-19 relief funds. She is scheduled to be sentenced on December 6, 2021. Michael Moller was charged with bank fraud and making false statements to the SBA. The Government alleged that Ms. Stanley and Mr. Philus submitted fraudulent loan applications seeking over $1 million in COVID-19 relief funds. Yun Jae Moon was charged with conspiracy to defraud the United States. The case was brought in Atlanta, Georgia. Lawal pleaded guilty to one count of conspiracy to commit wire fraud in November 2021, and Raji pleaded guilty to conspiracy to commit access device fraud, access device fraud, and aggravated identity theft on March 9, 2022. Ms. Johnson pleaded guilty on February 16, 2022, and she is scheduled to be sentenced on September 15, 2022. Mr. Johnson pleaded guilty. Jonathan Markovich was charged with conspiracy to commit health care fraud and wire fraud, money laundering, and several other related charges. There are, of course, many other CARES Act fraud investigations currently pending that may later result in criminal charges. His trial is set for October 3, 2022. Vinicius Santana was charged with one count of wire fraud. The case was brought in Ft Lauderdale, Florida. On July 18, 2021, he was sentenced to over 11 years in prison. Anuli Okeke was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, bank fraud, and money laundering conspiracy. The case was brought in Los Angeles, California. On June 2, 2021, Ms. Stanley was sentenced to 18 months in prison. Ms. Jaworska pleaded guilty to one count of conspiracy to commit bank fraud. Mr. Smith pleaded guilty to one count of bank fraud. On June 28, 2021, after a 9-day jury trial, Richard Ayvazyan, Marietta Terabelian, and Artur Ayvazyan were found guilty. On November 2, 2021, Charles Petty pleaded guilty to conspiracy to commit wire fraud, and his sentencing is scheduled for February 23, 2022. The case was brought in Boston, Massachusetts. All the defendants pleaded guilty in October 2021. The Government alleged that Israyelyan admitted to owning a hospice agency that was never operating during the COVID-19 pandemic and received over $89,000 in COVID-19 relief funds to treat patients. Mr. Pan has pleaded guilty, and was sentenced to 20 months on March 15, 2022.
PPP Loan Fraud is Out of Control! Case Investigations & EIDL Fraud The woman pleaded guilty to wire fraud and making false statements in response to a grand jury's indictment last year. The Government alleged that Ms. Norton submitted fraudulent loan applications seeking over $7.7 million in COVID-19 relief funds. Mr. Hines pleaded guilty to wire fraud. Benjamin Hayford was charged with bank fraud and four counts of making false statements to a financial institution. The Government also alleged that Jalloul would charge the clients a 2-20% commission on the loans they received. Mr. Tezna was sentenced to 18 months in prison. On October 25, 2021, Mr. Frazier pleaded guilty to two counts of wire fraud. The case was brought in Milwaukee, Wisconsin. The Government alleged that Mr. Fayne used his trucking business to fraudulently induce individuals to invest in his company and that he also submitted a fraudulent loan application seeking $3.7 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Paul and Michelle Kwak were charged with conspiracy to commit wire fraud, wire fraud, and money laundering. SBA Office of Inspector General (SBA-OIG) The SBA Office of Inspector General (SBA-OIG) is the integrity and accountability arm of the SBA. Grigor Garibyan was charged with two counts of theft of government property. The Government alleged that Ms. McConnell submitted fraudulent loan applications seeking over $232,000 in COVID-19 relief funds. . Mr. Abramovs has pleaded guilty and is scheduled to be sentenced on August 22, 2022. Jabari Ogbonna Edwards and Antwann Richardson were charged with attempt and conspiracy to commit mail fraud, fraud by wire, radio or television, statements or entries generally and money laundering. This case was brought in Albany, New York. The Government alleged that Mr. Hamilton submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. On March 21, 2022, he was sentenced to 188 months in prison, and he filed a notice of appeal on March 29, 2022. The Government alleged that Ms. Okeke, a former bank employee, conspired with another employee to fraudulently obtain over $3 million in COVID-19 relief funds by helping borrowers fill out false loan applications. The case was brought in Miami, Florida. On May 23, 2022 Mr. Duffield and Mr. Latourneau were sentenced to time served. The Government alleged that Mr. VanScoyk and Mr. Fiedler conspired to submit fraudulent loan applications seeking almost $3 million in COVID-19 relief funds, of which they received around $1.2 million. He is scheduled to be sentenced on August 15, 2022. Ganell Tubbs was charged with two counts of bank fraud, loan application fraud, and money laundering. Tiara Walker was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. The case was brought in Alexandria, Virginia. Her trial began on December 6, 2021, and on December 8, 2021, a jury found her guilty on all counts. 3. A separate investigation by the nonpartisan Project on On January 4, 2022, she was sentenced to 41 months in prison. Mr. Olivetti pleaded guilty on December 13, 2021, and is scheduled for a pre-sentence conference on August 30, 2022. The Government alleged that DiMassa, a Connecticut State Representative, conspired with the other defendants to submit fraudulent invoices for services that were never provided by the City of West Haven. Mark Stewart was charged with conspiracy to defraud the United States. The Government alleged that Mr. Yates the sole proprietor of Lone Star Tuning submitted fraudulent loan applications obtaining approximately $5,700,000.00 in COVD-19 relief funds. E! He was sentenced to 41 months in prison on January 14, 2021. The Government alleged that Mr. George and his co-defendants submitted fraudulent loan applications seeking over $4.1 million in COVID-19 relief funds. Thomas Smith was charged with bank fraud and money laundering. Vidal is scheduled for sentencing on July 19, 2022, George is scheduled for sentencing on August 16, 2022, Womble is scheduled for sentencing on August 23, 2022, and Sims is scheduled for sentencing on August 29, 2022. Mr. Hsu pleaded guilty to one count of wire fraud. Nicholas Jones was charged with wire fraud and falsification of records. The Government alleged that the defendants conspired to submit over 150 fraudulent loan applications seeking almost $22 million in COVID-19 relief funds. The case was brought in Miami, Florida. The case was brought in Greensboro, North Carolina.
PPP Loans Investigations - PPP red flags | Suncrest Financial Services On October 21, 2021, Mr. Kindambu was sentenced to 33 months in prison. The case was brought in Newport News, Virginia. On November 29, 2021, Mr. Price was sentenced to 110 months in prison. On September 27, 2021, he was sentenced to 30 months in prison. When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Hunt pleaded guilty on August 31, 2020 and is scheduled to be sentenced on September 21, 2022. Denesseria Slaton was charged separately and has pleaded guilty to one count of conspiracy to commit fraud. William Nicoloff, Jr. was charged with bank fraud and unlawful monetary transactions. Karen Chapon was charged with bank fraud, false statement to a financial institution, and unlawful monetary transaction. This case was brought in Greenville, South Carolina. Ms. Knox pleaded guilty on July 12, 2022, and her sentencing hearing is to be determined. On March 16, 2022, Mr. Boncimino was sentenced to 36 months in prison. The case was brought in Atlanta, Georgia. The Government alleged that Makki filed ten fraudulent loan applications seeking over $1.08 million in COVID-19 relief funds and transferred the funds to purchase a condo in Lebanon. Zhang pleaded guilty and was sentenced to 60 days in prison on May 7, 2021. Largest PPP Loan Recipients List Nationwide A total of 108,968 businesses across the United States have received Coronavirus-related Paycheck Protection Loans (PPP) loans from the Small Business Administration of the MAXIMUM available amount of $10,000,000 (ten million dollars). The Government alleged that Mr. Ridge submitted fraudulent loan applications seeking almost $500,000 in COVID-19 relief loans, of which he obtained $160,000. Maurice Fayne was charged with wire fraud, conspiracy to commit wire fraud, bank fraud, false statements on a loan application, money laundering, and identity fraud. The Government alleged that Mr. Bellamy, a former NFL player, worked with several others to submit fraudulent loan applications seeking more than $24 million in COVID-19 relief funds, and that Mr. Bellamy obtained $1.2 million as a result. Diamond Blue Smith was charged with conspiracy to commit and offense against the United State, i.e., wire fraud. On the same day, Mr. Philus was sentenced to 30 months in prison. The Government alleged that Ms. Kasali submitted fraudulent loan applications and obtained more than $1.9 million in COVID-19 relief funds. The Government alleged that Nicoloff submitted fraudulent loan applications seeking over $1.5 million in COVID-19 relief funds. Jacob Carter, Quadri Salahuddin, Anwar Salahuddin, and Christal Ransom were charged with conspiracy, wire fraud, and aggravated identity theft. 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. The Government alleged that Mr. Barosy submitted fraudulent loan applications seeking over $4.2 million in COVID-19 relief funds. Mr. Malik pleaded guilty on the same day to conspiracy with a five-year maximum sentence, and he is also scheduled to be sentenced on August 8, 2022. Scott Davis was charged with wire fraud and engaging in a monetary transaction with criminally derived property. Help us crowdsource fraud detection in the PPP program! The primary federal agencies that are currently conducting PPP loan fraud investigations are: 1. On May 11, 2021, Mr. Fayne pleaded guilty to conspiracy to commit wire fraud, bank fraud, and making false statements on a loan application. Mr. Brown was sentenced to time served on April 26, 2022. The Government alleged that Cisternino submitted fraudulent loan applications seeking over $7.2 million in COVID-19 relief funds. Mr. Fitzgerald-Holley pleaded guilty and was sentenced to 6 months in prison on April 21, 2022. Rosado pleaded guilty and was sentenced to 37 months on December 3, 2021. The Government alleged that Soto submitted 17 fraudulent loan applications and obtained approximately $246,000 in COVID-19 reliefs funds. On August 4, 2021, Mr. Ridge pleaded guilty to one count of bank fraud. The other defendants have pleaded not guilty, and their trial is scheduled for September 15, 2022. The Government alleged that Mr. Tran submitted fraudulent loan applications seeking $8 million in COVID-19 relief funds. Mr. Tezna pleaded guilty to one count of bank fraud. David Staveley and David Butziger were charged with conspiracy to commit bank fraud, conspiracy to make false statement to the SBA, conspiracy to commit bank fraud, and bank fraud. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) . The case was brought in Providence, Rhode Island. Mr. Tran pleaded guilty on June 30, 2022, to two counts of wire fraud and is scheduled for sentencing on November 3, 2022. Gregory J. Blotnick was charged with eight counts of wire fraud and six counts of money laundering. The case was brought in Billings, Montana.