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Two Men Plead Guilty in Multimillion-Dollar COVID-19 Relief Scheme
Two individuals pleaded guilty today in the Southern District of Texas for their participation in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act.
COVID-19 Task Force Nets Florida Duct Cleaning Company; Settles False Claims Act Allegations Relating to Improper Paycheck Protection Program Loan
Sextant Marine Consulting LLC (Sextant), a Florida-based duct cleaning company, has agreed to pay $30,000 in damages and civil penalties to settle allegations that it violated the False Claims Act by obtaining more than one Paycheck Protection Program (PPP) loan in 2020. Sextant also repaid the duplicative PPP funds in full to its lender, relieving the U.S. Small Business Administration (SBA) of liability to the lender for the federal guaranty of approximately $170,000 on the improper loan.
Two Individuals Sentenced for COVID-19 Relief Fraud
A Georgia man was sentenced today to 18 months in federal prison for fraudulently obtaining $285,742 through a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Rhode Island Man Who Sought $4.7 Million in COVID Relief Loans Sentenced for Defrauding CARES Act Paycheck Protection Program
PROVIDENCE – For the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, RI, to a significant term of incarceration in federal prison for defrauding or attempting to defraud the Paycheck Protection Program administered by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, announced Acting United States Attorney Richard B. Myrus.
First Person Charged for Fraudulently Seeking COVID Relief Business Loans Sentenced
PROVIDENCE - A Massachusetts man who became the first person in the country charged with fraudulently seeking forgivable pandemic relief small business loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and who faked suicide shortly after his arrest resulting in a nationwide search for him by the U.S. Marshals Service, was sentenced today to 56 months in federal prison, announced Acting United States Attorney Richard B. Myrus.
Sunland Man Sentenced to Nearly 3½ Years in Federal Prison for Scheming to Fraudulently Obtain $650,600 COVID-Relief Loan
A Sunland resident has been sentenced to 41 months in federal prison for fraudulently obtaining a $650,600 Paycheck Protection Program (PPP) loan under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Department of Justice announced today.
Texas Man Pleads Guilty to Federal Charges for Fraudulently Obtaining Over $1.6 Million in Paycheck Protection Program Loans
A Texas man pleaded guilty today in the Southern District of Texas to fraudulently obtaining more than $1.6 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Texas Wedding Planner Sentenced in COVID-19 Fraud Scheme
A Texas man was sentenced today in the Eastern District of Texas to 31 months in prison and three years of supervised release for perpetrating a scheme to fraudulently obtain more than $3.3 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.