Reports

NEWARK, N.J. – A Union County, New Jersey, man today admitted his role in a scheme to fraudulently obtain a Payroll Protection Program (PPP) loan.

RALEIGH, N.C. – Following four days of testimony before a federal jury, a Raleigh man and business owner pled guilty to a Bank Fraud and Wire Fraud, that netted the man almost $300,000 in fraudulent Paycheck Protection Act (PPP) COVID-19 loans. This fraud was part of a multimillion-dollar national scheme, and, to date, more than 30 defendants have pled guilty and 26 have been sentenced.

NEWARK, N.J. – A New Jersey tax preparer was charged in a sixteen-count indictment for using false information to increase client tax refunds, and fraudulently obtaining money from Economic Injury Disaster Loans (EIDL).

RALEIGH, N.C. – Raleigh businessman Wilson Alfredo Olivera Borda pled guilty to nine counts of defrauding the Paycheck Protection Program (PPP) for over $1 million. At sentencing, Olivera faces a statutory maximum of 30 years imprisonment and a fine of up to $1,000,000.

A South Bay man who provided lifestyle and personal development coaching to students in public schools through a non-profit he founded pleaded guilty today to fraudulently applying for millions of dollars in COVID-19 jobless benefits, including by using stolen identities.

An indictment was unsealed yesterday in the Northern District of Texas charging two co-founders of Blueacorn, a lender service provider, in connection with a scheme to fraudulently obtain COVID-19 relief money guaranteed by the U.S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

COLUMBUS, Ohio – A jury found a Columbus man guilty on all counts for leading drug, sex trafficking and financial fraud conspiracies and then attempting to obstruct justice and tamper with witnesses.