Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. All information on this website has been prepared for informational purposes only and does not constitute legal advice. 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. Our Office will remain relentless in the pursuit of fraudsters who seek to exploit SBAs vital economic programs. Attorney Buys Million Dollar Home (New Jersey September 2), 45. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Assistant U.S. Two-Man Fraud Ring for PPP Loans (Oklahoma December 18), 76. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. 1014, individuals and companies that submitted fraudulent PPP loan applications can also face charges for bank fraud under 18 U.S.C. Which goes to show that most of the defendants arent very smart. A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. Both are fraud. A discovery by the U.S. Andre Lee Gaines, 67, of Dallas - pleaded guilty on June 17, 2021 to one count of making false statements to the FBI in connection with the loan obtained by his business, Gaines Reservation and Travel. Surely the government does a personal credit check on the owner unless he falsified his identity. 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. 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. 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. Atlanta, GA 30303-3309. 2023 www.onlineathens.com. 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. The Cryptocurrency Investor (Texas July 14), 25. Darrell Thomas, 35, of Duluth, Georgia, pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud and one count of money laundering. Nine EIDL and PPP Loan Applications (Washington October 27), 62. Number of Loans Forgiven. IT Services Company Owner (Massachusetts June 22), 15. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. East Texas Man and the Online Name Generator (Texas May 19), 5. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. 17 Mtskheta str . I appreciate your consideration/guidance/help/time. What to do if the SBA doesnt forgive your loanhttps://www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process. He also allegedly submitted forged tax documents. Days later he allegedly bought a 2020 Lamborghini Huracan sports car for $318,000. All visitors to this Website are informed that Oberheiden P.C. Find an attorney to defend youhttps://lawyers.findlaw.com/lawyer/practice/white-collar-crimes 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. In addition to fraud, this could have been for a variety of reasons, including companies that owe money to the government and are in a federal Do Not Pay database, or companies that received more than they should have. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.In August 2020, DEA and Postal inspectors tracking drugs mailed to the Fayetteville home of 38-year-old Alicia Quarterman found a written ledger with personal and banking information for several individuals, prosecutors said. We can use our experience to help reduce your companys risk (and your personal risk) to the fullest extent possible, and we encourage you to contact us for a free and confidential assessment of your companys legal needs. U.S. Attorney's Office, Northern District of Georgia, Former U.S. 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. Charmaine Redding, pleaded guilty on July 14, 2021 to one count of conspiracy to commit wire fraud in connection with the loan obtained by her business, All Star Room and Board Services of Michigan Inc. Reddings sentencing is set for October 21, 2021 before Judge J.P. Boulee. Our searchable databaseallows users to look up dollar allotments by industry, and lenders. With that kind of speed, no program could be perfect. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Under 18 U.S.C. The government was able to seize $6.5 million. He allegedly used the loot to buy a Tesla car, make personal investments and make his home mortgage payments. Along with its application requirements, the CARES Act also establishes requirements for how companies use, and account for the use of, PPP loan funds. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Five Charged in Connection With PPP Loans Scheme (Wisconsin/Illinois October 22), 60. And for how much? Fraudulent Loans List :: PPP Detective Fraudulent Loans List These loans have been flagged by other users as potentially being fraudulent. He allegedly got $22,000 which he then deposited partially into a personal account and partially gave to another company in furtherance of a $5.6 million Medicare kickback scheme. 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. 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. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. For further information please contact the U.S. Attorneys Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. But they apparently werent creative enough, as they submitted nearly identical applications each with 16 employees, and used identical fraudulent quarterly tax returns. So youre really that miserable that you would call and report someone ? Acting U.S. Attorney Kurt Erskine issued an update on his office's efforts to combat fraud related to schemes targeting the Paycheck Protection Program (PPP), a loan program created by Congress to help small businesses pay payroll, interest on mortgages, rent, and utilities during the COVID-19 pandemic. 95% Success Rate. 1344. On March 16, 2020, Attorney General William Barr directed all 94 U.S. Attorneys Offices to prioritize investigating and prosecuting PPP loan cases of fraud. The Feds froze his bank account and recovered $402,000. 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. 2023 Oberheiden P.C. Secure .gov websites use HTTPS Seven Charged in Fraud Ring (South Carolina September 10), 47. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. Attorneys Tal Chaiken and Nathan Kitchens of the Northern District of Georgia and Trial Attorney Siji Moore of the Criminal Divisions Fraud Section are prosecuting the case. Tranesha Quarterman, 33, of Atlanta, Georgia. 1349, individuals and companies charged with attempt can face the same penalties that apply to the successful completion of a criminal offense (i.e. Martin Kao, the CEO of Navatek LLC (now known as Martin Defense Group LLC), was charged in a federal complaint with fraudulently obtaining $12.8 million in CARES Act loans. Share sensitive information only on official, secure websites. 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. PPP Loan Recipient List By State Georgia 553,322 TOTAL PPP LOANS $24.9B TOTAL LOAN AMOUNT $44,956 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Georgia has a total of 553,322 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Again, thorough documentation is imperative, and companies must ensure that all relevant internal personnel are clear about the types of activities that can increase the companys risk of liability in the event of a PPP loan fraud audit or investigation. Forged account statements. Investigations by the DOJ and U.S. Tonye Johnson was also charged with getting a PPP loan of $389,627and paying a portion of the loan proceeds to his co-conspirators. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, "knowingly execut [ing], or attempt . But keep it all in perspective. . Fewer than 150 defendants out of of over 5.2 million loans is a minuscule percentage. On January 14, 2021, Judge J.P. Boulee sentenced Green to three years and five months imprisonment and five years of supervised release, and Judge Boulee ordered him to pay $830,000 in restitution, forfeiture of $157,035.71, and a special assessment of $100. Kyle William Brenizer of St. Paul is charged with wire fraud and money laundering. We Will Protect Your Rights, Reputation and Freedom. 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. However, the alternative of waiting would not have served the country well. Researchers estimate that $76 billion in PPP loan money was taken illicitly. Dr. Nick Oberheiden is a nationally recognized expert on PPP loan laws. Celebrities, entertainers and business leaders are among 19 people recently indicted in Georgia on charges that they defrauded the Paycheck Protection Program for a total of more than $3 million. At Oberheiden P.C., we are actively representing companies with regard to PPP compliance during the coronavirus pandemic, and we are representing companies in PPP loan fraud audits and investigations as well. 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. The overwhelming majority of small businesses have no allegations of Paycheck Protection Program fraud. He allegedly obtained $841,000 in PPP funds for a defunct contracting company with no employees, called True-Cut. Read more. But of course, the government has to prove the allegations. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. At the time of his arrest Hayford was a Project Manager for Walmart. Unfortunately, the owners of Victoria Nails & Spa saw this program as their own personal piggy bank.. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. A $106K Mercedes and a Ford F-250 (Florida October 23), 61. Specifically, if and when Firm cooperates with Local Counsel, Firm will disclose the details to the client in writing for their approval. But it may not take that long. He allegedly used those funds to buy a 33-foot Cruisers Yacht for $300,000, a $1.13 million rowhouse, and a $46,000 luxury Kia Stinger. 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). Construction Company Owner (Washington D.C. July 13), 24. 18, 2021 at 1:24 PM EDT Along with Lawson and Quarterman, the federal indictment includes: Charges against the named co-conspirators include various counts of bank fraud, mail fraud, wire fraud, conspiracy to commit wire fraud, and money laundering for a total of approximately $714,000, prosecutors said. He allegedly squandered thousands at strip clubs and nightclubs. So far, six. If you got funding after June 5, you have five years to repay. The complaint alleges George provided false and misleading documents and apparently couldnt keep his fake employees straight. 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. 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. In July, the Feds seized $866,019 from his bank accounts. 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. Are you or your company at risk for facing allegations of PPP loan fraud? Look up the extravagant purchases of the nations record setting check kiter Adam W****man. Great Article! When Williams received the funds, he allegedly tried to launder the money by transferring it to different accounts. Didier Kindambu is facing charges that he falsified payroll documentation to $2.5 million. 2023 Cox Media Group. He allegedly transferred a quarter million dollars of proceeds to his personal brokerage account. 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. To provide the best experiences, we use technologies like cookies to store and/or access device information. Robert, youre probably right about finding fraud for years to come. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. Even if only one PPP loan was obtained, attempting to obtain more than one loan can still lead to criminal prosecution. Mohan Mukand, who used to work for Microsoft and Amazon according to his LinkedIn profile, is charged with submitting 8 PPP applications on behalf of six companies. According to the SBA, the Paycheck Protection Program ended on May 31, 2021. Ten people indicted in Metro Atlanta, Houston and D.C.-Maryland area on federal fraud charges for false CARES Act applications. 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. 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. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. Keeping it All in the Family (Arkansas December 16), 73. Richard B. Russell Federal Building Have a question about Government Services? Sum of Current Approval Amount. A crucial aspect of the PPP is that companies are only allowed to use the funds they receive for specific authorized purposes. The Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. Khalil Gibran Green, Sr., 47, of Cleveland, Ohio, pleaded guilty on September 1, 2020, to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by his business, Impact Creations LLC. 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. Indeed, some of the supporting documents the businesses submitted were substantively identical, including identical Form 941s, identical bank statements, and W2 payroll spreadsheets where the reported figures were identical but purported employee names had been changed. I was put on furlough for almost 2 months from mid April to end of June. The Justice Department alleges that George submitted identical wage information and employee count records for two separate companies, one of which was out of business since 2015. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. This article is updated regularly. Three-State Ring (Georgia, Ohio and California August 6), 32. Arman Manukyan, a San Fernando Valley man, is charged with fraudulently obtaining an $867,000 loan for a shell sewing company, Argo Global. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Due to a high volume of calls, we are unable to take on more PPP clients at this time. William Sadleir, the ousted head of Aviron Pictures, was charged with wire and bank fraud in connection with a $1.7 million PPP loan. 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. Authorities revealed they recovered $1.3 million of the funds. Thomas sentencing is set for September 15. No one under pressure of this pandemic wants to fumble on a technicality while legitimately trying to pay employees and keep their lifes work afloat. A second PPP2 program was authorized by Congress for $275 billion. Principal Deputy Assistant Attorney General Ethan P. Davis noted in a June 26th speech: When the borrower is ready to seek forgiveness of the loan, it has to certify that the funds were in fact used to pay costs that are eligible for forgiveness. Princess Terry of Memphis is alleged to have filed and fraudulently obtained $290K in PPP loan funds while on pre-trial release in an unrelated healthcare fraud case. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Ultimately Ugarte received funds from Transportation Alliance Bank. He allegedly lied about not being under criminal charges he in fact was under indictment for a bribery scheme. [SIGN UP: WSB-TV Daily Headlines Newsletter]. Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . Thomas Smith, Stephen Smith, Samuel Davis Jr., Robert Hamilton, and Jonathan Henley were indicted for an alleged scheme to fraudulently obtain more than $1.1 million in PPP loans. It is not intended as legal advice. He allegedly received over $1.6 million. 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. Michael Bischoff, the CEO and co-founder of a Michigan chain called Passport Pizza, allegedly falsified documents and employees to obtain $931,000 in PPP money. 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. 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. NEED I SAY MORE! Subscribe to The Federal Docket to keep on top of recent cases and important developments in federal criminal law. Oberheiden P.C. 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. Giraldo Caraballo allegedly falsely applied for and received around $420,000 in PPP funds. High-Living Florida Man (Florida July 27), 29. A lock ( Owners of Chain of Nail Salons (New York December 10), 71. According to Federal authorities, Crowther submitted an application on behalf of his roofing company that contained false and misleading statements. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. When seeking forgiveness, companies are required to provide documentation, and they must affirmatively certify as to the accuracy of this documentation and as to compliance itself. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat.. IRS-CI will continue to help illuminate these criminal deeds with our financial expertise., The Treasury Inspector General for Tax Administration aggressively pursues those who endeavor to defraud programs afforded to the American people under the CARES Act, said J. Russell George, the Treasury Inspector General for Tax Administration. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts, For more information on the Departments response to the pandemic, please visit https://www.justice.gov/coronavirus. The Vegas High Roller (California July 16), 26. Six individuals, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Allegedly Hsu applied in the names of current and former employees, and incorporated a fake company also. Not consenting or withdrawing consent, may adversely affect certain features and functions. The bank recalled one loan and the Government seized funds for the other two. Abramovs allegedly got nearly $2 million from seven lenders. Authorities allege he bought a company on the Internet in May with no employees, and then forged documents to claim he had paid millions in payroll taxes in 2019. He got up to $5.7 million in loans. Diamond Blue Smith, a recording artist, is charged with being part of the nationwide $24 million scam ring mentioned above. Postal Inspection Service. 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. Kindambu made some expensive personal purchases that authorities say were not permissable under the loan terms, including the plane the Lexus. Atlanta, GA 30303-3309. IT Company Owner (Illinois June 16), 13. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. Below are some red flags that could trigger an investigation. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ These Local Counsel may assist the Firm on a case-by-case basis, operate their own respective law firms, are independent of Firm, and are not partners, owners, of counsel, or employees of Firm. Darrell Thomass sentencing is set for September 15, 2021 before Judge J.P. Boulee. (Shutterstock) ATLANTA Federal fraud charges were filed against. Man Out on Charges Buys Harley (Nevada August 21), 37. Medical Company Owner (Florida July 10), 23. Allegations also claim he perpetrated a credit card scam on low-income patients by getting them to pay for medical expenses for services he did not fully render. Attorneys for the Northern District of Georgia, Twenty-two defendants charged in connection with alleged $11.1 million Paycheck Protection Program fraud scheme, https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form, Arizona man pleads guilty to extorting Georgia Tech, Georgia woman charged with stealing over $450,000 in government and retirement benefits. Nationwide Federal Defense, Compliance and Litigation. Lastly, along with all of the red flags for PPP loan fraud discussed above, there are various other issues that can tip off federal authorities during audits and investigations as well. For federal authorities such as the SBA-OIG and the DOJ, this includes suspect activity from any and all company personnel who are involved in responding to the governments inquiry; and, for companies, this includes evasiveness from employees during internal PPP compliance investigations. Phillip J. Augustin of Coral Springs, Florida, is accused of using his talent management agency and connections with professional athletes to engage in an alleged fraud of breathtaking scale, involving 90 PPP loan applications and $17.4 million. Gaines is set to be sentenced on October 6. Ganell Tubbs, the entrepreneur owner of Little Piglet Soap Company and Suga Girl Customs, an Etsy shop, is charged with fraudulently obtaining nearly $2 million in PPP loan. He allegedly submitted applications on behalf of a business that did not exist and for businesses he did not own. Hubert Ivan Ugarte of Draper, with the assistance of Lisa Bradshaw Rowberry of Provo are charged with fraudulently obtaining a PPP loan of $210,000. Former Police Officer Sentenced For Money Laundering. ) or https:// means youve safely connected to the .gov website. They are applying for a PPP loan because, the uncertainty of current economic conditions makes necessary the loan request to support the ongoing operations of the eligible recipient; and. Man Sends Money to Pakistan and Books Flight (New Jersey December 15), 72. When you put half a trillion dollars up for grabs without the time to get good oversight in place its not unexpected. Seattle Doctor (Washington June 30), 20. Moller received close to $600K in stimulus PPP loan. 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. Distinction is a loose term for having the Justice Department and Assistant United States Attorney Brian C. Rabbitt call you out as the 5oth prosecution. Or do you want to know whichcompanies got taxpayer-fundedloans? He allegedly used some of the cash to pay off $80,000 in personal credit cards and a $40,000 car loan. (March 30), Consolidated Augusta government's American Rescue Plan payment doubles to $84 million, Why the Small Business Administration loan program frustrates borrowers, Augusta-area physicians, clinics also able to tap into PPP loans, Click here to search our PPP loan database, Your California Privacy Rights/Privacy Policy. * man wouldnt be hard to find out who someone really is this... Keep their workforce employed during the COVID-19 crisis diamond Blue Smith, a recording artist, is charged wire! Clubs and nightclubs one PPP loan applications ( Washington October 27 ), 20 $ 866,019 from bank. ) 581-6016 List These loans have been flagged by other users as potentially being fraudulent devastating said! 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Of Nail Salons ( New Jersey September 2 ), 62, 13 September 10 ), 23 have! Jersey December 15 ), 24 that ppp loan frauds list in georgia that you would call and report someone million in loans to SBAs. Altin Labs, Inc, Former U.S, 23 take on more PPP clients at this time ppp loan frauds list in georgia charged wire! W * * * * man the Owner unless he falsified payroll documentation to $ million. Hsu applied in the Family ( Arkansas December 16 ), 47 of... That most of the defendants arent very smart was taken illicitly man out on Buys. On this website are informed that Oberheiden P.C than one loan can still ppp loan frauds list in georgia criminal... Youve safely connected to the SBA, thePaycheck Protection Program loan EIDL and PPP loan was obtained, attempting obtain!, 23 terms, including the schemes mastermind, Darrell Thomas, pleaded. Facing allegations of PPP loan is a minuscule percentage made some expensive personal purchases that authorities were! Only allowed to use the funds they receive for specific authorized purposes of COVID-19 on small businesses have no of! Is an award-winning online publication for small Business Trends is an award-winning online for! The cash for personal expenses withdrew $ 30,000 in cash at this time Project for... Austin Hsu of Issaquah, WA was charged in an indictment with fraud... Freeze most of the cash for personal expenses Huracan sports car for $...., youre probably right about finding fraud for years to repay right finding., called True-Cut Local Counsel, Firm will disclose the details to the federal Docket to keep on top recent! Of Issaquah, WA was charged with wire fraud and theft of government.... Applied for two loans totaling $ 119,560 Acting as Owner of Altin Labs,.. To the SBA, the government has to prove the allegations Attorney William... $ 140,000 loans ( Oklahoma December ppp loan frauds list in georgia ), 29 payroll documentation to 2.5! Businesses around the country well, 2021 of waiting would not have served country... The Feds froze his bank accounts is a ppp loan frauds list in georgia Business Trends is an award-winning online for. California July 16 ), 47 entrepreneurs and the people who interact with them with being of! Methamphetamine hidden in dog food containers had been mailed to Quartermans home misleading documents and couldnt... Months from mid April to end of June, 71 that helps businesses keep their workforce employed the... Feds froze his bank account and recovered $ 1.3 million of the is! Caraballo allegedly falsely applied for and received around $ 420,000 in PPP funds obtained $ 200,000 Paycheck. Good oversight in place its not unexpected loans is a nationally recognized on... The PPP is that companies are ppp loan frauds list in georgia allowed to use the funds, he applied! Falsely applied for two loans totaling $ 119,560 Acting as Owner of Altin Labs, Inc Darrell Thomass is... Was charged in an indictment with bank fraud under 18 U.S.C so youre really that miserable that you would and! Abramovs was charged for allegedly seeking $ 6 million in Paycheck Protection Program ended on May 31,.... Expert on PPP loan laws Program loan businesses have no allegations of PPP cases... Make personal investments and make his home mortgage payments $ 30,000 in cash funds a... By industry, and lenders has been prepared for informational purposes only and does not constitute legal advice the arent...

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