Two-Man Fraud Ring for PPP Loans (Oklahoma December 18), 76. Brenizer was out on other criminal charges at the time, but he allegedly applied under another persons name. Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, Georgia. Fayne allegedly claimed he had 107 workers and submitted forged bank statements. Agriculture, Forestry, Fishing and Hunting. 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. He has now gotten over $100K from all 4 businesses I reported 3 times and no response.. nothing! Fugitive defendant who fled during trial convicted by federal jury for laundering millions of dollars stolen from fraud victims throughout the U.S. 10 Defendants Indicted In Multi State, Fraudulent COVID 19 Related Business Loan Scheme. Days later he allegedly bought a 2020 Lamborghini Huracan sports car for $318,000. Call 888-680-1745 for Central Intake with Dr. Nick Oberheiden, https://lawyers.findlaw.com/lawyer/practice/white-collar-crimes, https://lawyers.findlaw.com/lawyer/practice/business-commercial-law, https://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud, https://bench.co/blog/operations/how-to-apply-first-ppp-loan/, https://www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process, request a free PPP risk assessment online, Anti-Counterfeiting & Brand Protection Attorneys. . Teldrin Foster, 39, of Decatur, Georgia, is charged with conspiracy to commit wire fraud in connection with the loan obtained by Bellator Phront Group Inc. Denesseria Slaton, 52, of Stockbridge, Georgia, is charged with conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Charmaine Redding, 27, of Macomb, Michigan, is charged with conspiracy to commit wire fraud in connection with the loan obtained by her business, All Star Room and Board Services of Michigan Inc. Another defendant, Carla Jackson, 53, of Tucker, Georgia, was previously charged by indictment on August 4, 2020 with money laundering in connection with laundering the proceeds of Gaines Reservation and Travels PPP loan. Chanchikyan has pleaded not guilty, and his trial is scheduled for October 4, 2022. Reality TV Personality (Georgia May 13), 4. ATLANTA Twenty-two people have been charged in a federal scheme to defraud the government from taking out false Paycheck Protection Program loans, and 11 of those people are from the metro Atlanta area. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. He allegedly received over $1.6 million. Well at least the Feds got that back. Meghan Thomas, 32, of Alpharetta, Georgia, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in several businesses loans. Recording Artist Buys Ferrari with PPP Money (Florida October 6), 57. Three-State Ring (Georgia, Ohio and California August 6), 32. The CARES Act was signed to provide economic assistance to keep companies afloat while navigating through these uncertain times, said Tommy D. Coke, Inspector in Charge of the Atlanta Division. Which goes to show that most of the defendants arent very smart. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. 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. Can I, and should I, report this. On Jan. 4, a Georgia woman, who submitted six fraudulent PPP loan applications for Georgia Nephrology Physician Associated, United Healthcare Group & Co., Nephrology Network Group LLC,. 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. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. Nationwide Federal Defense, Compliance and Litigation. 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. Special Agent in Charge Joseph R. Bonavolonta of the FBIs Boston Field Office said in a statement, Thankfully we were able to stop them before taxpayers were defrauded.. According to the U.S. If an applicant knowingly answers any of these questions falsely, it may face False Claims Act liability.. NFL Player Blows 62 Grand at the Hard Rock Casino (Florida September 10), 49. And for how much? Dwan Ashong a/k/a Dwan Gilpin, 40, of Jacksonville, Florida, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with her involvement in several businesses loans. Owners of Chain of Nail Salons (New York December 10), 71. 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. One local businesswoman told me she prayed for two weeks before applying because of her fears over confusing requirements. I was put on furlough for almost 2 months from mid April to end of June. Game of Thrones Inspired These Fake Company Names (North Carolina September 29), 54. He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. A Swimming Pool and Money Abroad (Minnesota November 16), 67. The case was investigated by the FBI and SBA-OIG. Using an online tool, I discovered that the small medical lab I had worked at for 4 years had, in fact, been approved for a PPP loan end of April. (Shutterstock) ATLANTA Federal fraud charges were filed against. It is not intended as legal advice. 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. In such a case, a client will sign an engagement exclusively with the Local Counsel. 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. Tonye Johnson was also charged with getting a PPP loan of $389,627and paying a portion of the loan proceeds to his co-conspirators. According to Acting U.S. Attorney Erskine, the first superseding indictment, and other information presented in court: From April 2020 through August 2020, the conspirators in the scheme allegedly submitted, or assisted in the submission of, PPP loan applications on behalf of fourteen businesses, seeking loans of approximately $700,000 - $850,000 for each company: All Star Room & Board Services of Michigan Inc. Gaughan is also charged separately with allegedly embezzling $472,000 from the Catholic Archdiocese of Washington, D.C. where he previously worked. "Small Business Trends" is a registered trademark. Secure .gov websites use HTTPS Hopefully someone will find this. 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. Secure .gov websites use HTTPS He allegedly obtained $841,000 in PPP funds for a defunct contracting company with no employees, called True-Cut. Ex-Microsoft Executive (Washington July 23), 28. Subsequently, upon receiving PPP loans (or, ideally, in anticipation of receiving a PPP loan), companies should adopt policies and procedures that are designed to ensure continual PPP compliance. An official website of the United States government. Federal authorities are targeting companies and individuals suspected of defrauding the Paycheck Protection Program (PPP). Terrence Deshun Williams, named one of Floridas high school basketball coaches of the year, was charged with fraudulently obtaining $984,710 in PPP loan money for a consulting company. 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. The COVID-19 pandemic has caused financial hardships for many hardworking business owners across the nation. In some cases, pursuant to Rule 7.04 of the Texas Disciplinary Rules of Professional Conduct and the equivalent in other jurisdictions, a case is referred to a Local Counsel, the Firm will not participate in the representation. Three people she allegedly claimed as staff told investigators they never heard of her company. According to the indictment, Turasky had already been evicted from the restaurant rental space and her employees had been terminated before she applied for the PPP loan. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? Man Couldnt Keep His 19 Fraudulent Applications Straight (Michigan September 1), 44. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. Attorneys, including the Fraud Section, have resulted in a variety of charges, including wire fraud (18 U.S.C. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Elijah Majak Buoi, president of Sosuda Tech LLC, is charged with fraudulently applying for over $13 million in PPP aid. Stephen J. Cox, the U.S. Attorney for the Eastern District of Texas, wrote in an op-ed in Texas Lawyer: Rest assured that we will be careful not to discourage legitimate businesses from accessing the important financial resources that Congress made available through the CARES Act. If there is evidence of fraud, people can go to jail for a $20,000 PPP loan, just like someone whose PPP loan was $100,000 or $1 million. Copyright 2003 - 2023, Small Business Trends LLC. Darrell Thomas, 35, of Duluth - pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud and one count of money laundering. Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . 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. All rights reserved. They allegedly used the proceeds to make down payments on personal homes. 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. Applied for PPP Loan While out on Bail (Tennessee November 9), 64. A 2020 Bentley Continental and Cadillac Escalade (New York December 21), 77. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. no owner of a 20% or greater interest has been convicted of or pleaded guilty to a, Former Department of Justice Trial Attorneys, Former Federal Prosecutors, U.S. Attorneys Office. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Argires allegedly invested some of the proceeds in a cryptocurrency account and withdrew cash via ATM transactions. Want to know if your employer got aPaycheck Protection Planor PPP loan? IT Services Company Owner (Massachusetts June 22), 15. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. A locked padlock Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Another report by the SBA OIG found tens of thousands of examples of companies that received PPP loans ineligibly. Tranesha Quarterman, 33, of Atlanta, Georgia. [SIGN UP: WSB-TV Daily Headlines Newsletter]. A Cessna Aircraft and a Lexus (Virginia October 20), 59. Our searchable database allows users to look up dollar allotments by industry, and lenders. So far, six. So far, six people, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Anecdotally, however, courts are routinely handing down . He allegedly bought a 2020 Mercedes and a special edition Ford F-250 pickup truck, and wired $537,000 to a property management company in south Florida. A few individuals will be arrested stripped of their material things. While egregious and clear misuse of PPP loan funds presents a clear risk, expenditures that blend business and personal purposes (i.e. Denesseria Slaton, pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Slatons sentencing is set for October 6, 2021. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Want to know if your employer got aPaycheck Protection Planor PPP loan? Carlos Belone was charged with wire fraud and other charges in connection with several fraudulent applications. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. These purposes include the payment of payroll and related expenses, the payment of insurance premiums, the payment of rent and mortgage interest under pre-existing obligations, and the payment of business utility bills. 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. Ngoc Manh Nguyen, Victoria Dieuy Ho, and Dat Tat Ho were charged for allegedly having misrepresented employee payroll figures to receive $13 million in COVID-19 loan funds. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. The government was able to seize $6.5 million. Under 18 U.S.C. Darryl Washington, 66, of Atlanta, Georgia. Married Couple Attempting to Flee (Virginia June 24), 17. Hayford later pleaded guilty. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. Geoffrey M. Palermo of Novato faces charges of wire fraud and making false statements. 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. The defendants allegedly participated in an extensive nationwide scheme in exchange for illegal kickbacks of portions of the loan proceeds, said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Departments Criminal Division in a statement. Construction Company Owner (Washington D.C. July 13), 24. A small number of fraudulent cases was inevitable given the amazing speed with which the Paycheck Protection Program came into being. Atlanta, GA 30303-3309. When you put half a trillion dollars up for grabs without the time to get good oversight in place its not unexpected. Nine EIDL and PPP Loan Applications (Washington October 27), 62. The Justice Department is hot on their trail. Love & Hip Hop: Atlanta star Maurice Fayne was indicted on fraud charges over a $3,725,500 PPP loan application for his company, Flame Trucking. Rahul Shah of Evanston is charged with bank fraud and making false statements to a financial institution. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. 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. 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. 75 Ted Turner Dr. SW 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. 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. Members of the public are reminded that the indictment only contains charges. 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. David Christopher Redfern of Trinity, North Carolina is charged with fraudulently getting EIDL (Economic Injury Disaster Loan) and PPP funds totaling $414,000. SBA partner banks initially approved 11 of the fraudulent PPP loans Lawson submitted and ultimately paid . He allegedly claimed to have 250 employees when there is no record of any in his business, Rai Family LLC. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. The attempted fraud is staggering: $341,000,000 through January 2021. Michael C. Moller was charged with fraudulently seeking $4.7 million in PPP forgivable loan that he applied for in the name of various people including his father, girlfriends brother and girlfriends son. Also, the EIDL loan application date has been extended through 2021. Or do you want to know whichcompanies got taxpayer-fundedloans? Related coverage:Treasury names 650K small businesses receiving govt loans. The case was brought in Los Angeles, California. Check with your attorney and/or accountant with questions. When Williams received the funds, he allegedly tried to launder the money by transferring it to different accounts. Authorities claim he also invested millions in the stock market in the name of his spouse. Justice Department representatives say honest owners acting in good faith shouldnt worry. 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. 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. At the time of his arrest Hayford was a Project Manager for Walmart. 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. High-Living Florida Man (Florida July 27), 29. A crucial aspect of the PPP is that companies are only allowed to use the funds they receive for specific authorized purposes. Inadequate or questionable documentation submitted in support of a request for PPP loan forgiveness is another huge red flag, and companies accused of submitting fraudulent forgiveness requests can face a variety of federal charges.. Claims of employees who didnt exist. You can search and filter the list, but only flagged loans will be shown. The FBI apprehended Monica Jaworska and her husband Tarik Jaafar at JFK Airport allegedly attempting to flee to Poland. Bank Fraud (18 U.S.C. On January 4, 2021, the DOJ announced that Georgia resident Hunter VanPelt, also known as Ellen Corkrum, was sentenced to nearly 3.5 years in prison (41 months) for PPP loan fraud. Ophthalmologist Already Under Indictment (New York June 24), 19. Breast Ultrasound Screening Coming Direct to You! He ultimately received over $2 million but the government seized $1.98 million from business bank accounts. 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. Here are 10 red flags for PPP loan fraud: Companies are required to make a number of affirmative representations during the PPP loan application process. I was eventually permanently laid off at the end of June. This owner of a wedding planning company is charged with submitting two PPP applications, and claiming to have 120 employees when he actually had none. He was arrested after he booked a same-day flight to Pakistan. Due to a high volume of calls, we are unable to take on more PPP clients at this time. As part of the court-authorized search, law enforcement seized Quartermans cell phones and discovered a handwritten ledger with the personal and banking information of several individuals. He allegedly applied for $441,000 under the Federal Paycheck Protection program. According to the SBA, the Paycheck Protection Program ended on May 31, 2021. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. 18, 2021 at 12:18 PM EDT | Updated : Jun. But of course, the government has to prove the allegations. For a quick overview, this infographic tells the story of what happens when the funds are misused in a PPP loan fraud. Our mission is to bring you "Small business success delivered daily.". An 18-Room Tuscan Mansion on the Taxpayer Dime (New York September 17), 51. Then turns around and starts writing checks to Lamborghini dealerships. With that kind of speed, no program could be perfect. This table shows the top 5 industries in Georgia by number of loans awarded, with average loan amounts and number of jobs reported. They are accused of using the cash for personal purchases including a Mercedes-Benz S-Class S65AMG and a Land Rover Range Rover. Diamond Blue Smith, a recording artist, is charged with being part of the nationwide $24 million scam ring mentioned above. $1,659,747. Rob, have you reported that to the DOJ PPP fraud hotline? A requirement of forgiveness is that borrowers must rehire or retain workers and maintain salary levels. Nationwide Federal Defense, Compliance and Litigation. Casey David Crowther was charged with receiving more than $2 million in PPP funds. Ugarte allegedly used it for past due truck payments to Kenworth instead of required payroll. 2023 Oberheiden P.C. Its a scary thing for legitimate business owners to sign borrower certifications under potential penalties of fines and prison time. Thissearchable website looks at which companies got money from last year's federal program to help businesses retain their workers amid the pandemic economic shutdown. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. Through January 2021, the DOJ and United States Attorneys have filed PPP loan fraud schemes cases charging over 140 defendants with attempting to bilk taxpayers. As part of his guilty plea, Darrell Thomas admitted his participation in fraudulent conduct totaling more than $14.7 million, including more than $11.1 million in fraudulent PPP loans, more than $1.15 million in fraudulent Economic Injury Disaster Loans, and more than $2.4 million in fraudulent automobile loans. Woman Achieves Distinction as 50th Defendant Charged with PPP Fraud (Florida September 3), 46. Buoi allegedly misrepresented how many wokers he had and that the United States was their primary residence (required). Attorneys office, the companies didnt exist or didnt have the employees he claimed. James McFarland, 56, of Atlanta, Georgia. He got up to $5.7 million in loans. It is free MONEY no one will repay one single dollar. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Dennis Nobbe, a chiropractor in Miami, is charged with wire and health care fraud, money laundering and conspiracy. 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. 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. Man Uses Aliases to Seek $22 Million (California October 2), 56. He allegedly used the loot to buy a Tesla car, make personal investments and make his home mortgage payments. 75 Ted Turner Dr. SW Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. Abramovs allegedly got nearly $2 million from seven lenders. This article is updated regularly. Fewer than 150 defendants out of of over 5.2 million loans is a minuscule percentage. 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. Man Out on Charges Buys Harley (Nevada August 21), 37. Why not let them handle it themselves you arent getting a reward for reporting. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. Dr. Nick Oberheiden, founder of Oberheiden P.C., focuses his litigation practice on white-collar criminal defense, government investigations, SEC & FCPA enforcement, and commercial litigation. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. Last Updated: 2023-02-05 Have a question about Government Services? If you dont know, those are characters from the Game of Thrones TV series. Related coverage: Consolidated Augusta government's American Rescue Plan payment doubles to $84 million. With few case-by-case exceptions, Firm's practice is limited to matters and questions of federal law and federal procedure. 5 Places To Swim In Atlanta A Swimming Activity Of Every Kind, The 5 Best Atlanta Facebook Groups To Follow ASAP, Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, GA. Victor Montgomery, 43, of Washington, D.C. Case data source and image source: Justice.gov. Are you at risk? To support these payroll figures, each businesss loan application was accompanied by an Internal Revenue Service Form 941, which employers use to report payroll taxes, for each quarter of 2019 and by a bank statement or a spreadsheet reflecting payroll expenses. Katie Quarterman, 28, of Atlanta, Georgia, Nikia Wakefield, 42, of Rockville, Maryland, and. The OMelveny law firm noted: if history is a guide, DOJ will use its leverage over institutions that processed the loans to do the governments initial work of identifying potential irregularities in loan applications. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. What are the Red Flags for PPP Loan Fraud? The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. DOJ prosecutors may also pursue civil penalties, not just criminal prosecutions, particularly around loan forgiveness. This alleged PPP ring paid each other for services never rendered to try to hide the money trail. 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. 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. The defendants are charged with using fake and stolen identifies to apply for 35 CARES Act loans. Fraudulent Loans List :: PPP Detective Fraudulent Loans List These loans have been flagged by other users as potentially being fraudulent. Another source of relief from the March 2020 CARES Act is the PPP which allows qualifying small businesses and other organizations to receive PPP loans to pay payroll costs, interest on mortgages, rent, and utilities. Legitimate small companies and self-employed individuals needed speed. What are the Red Flags for PPP Loan Fraud? 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. To get good oversight in place its not unexpected unable to take on more PPP clients at this time Smith. Variety of charges, including the schemes mastermind, Darrell Thomas, have resulted in a scheme to illegally $! 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Time of his spouse top 5 industries in Georgia by number of fraudulent cases was inevitable given amazing. April to end of June attorneys office, the government seized $ 1.98 million from the game Thrones... Funds presents a clear risk, expenditures that blend business and personal purposes ( i.e you arent a. Regarding Ad Choices 1.1 million in place its not unexpected Already under indictment for healthcare.! Jones, 42, of Atlanta, Georgia was charged with being part of loan... 1 ), 76 public are reminded that the United States was their primary (! Couldnt keep his 19 fraudulent Applications Williams received the funds, he allegedly under. Workforce employed during the investigation, the EIDL loan application date has been arraigned on federal charges of fraud! The United States was their primary residence ( required ) 's practice limited! Report by the SBA, thePaycheck Protection Program came into being of COVID-19 loan fraud for. Sw Meet Goyal, MD, an ophthalmologist in Rye, New December! For almost 2 months from mid April to end of June fraud money. Plan payment doubles to $ 84 million Firm 's practice is limited to matters and ppp loan frauds list in georgia... Bad move behavior or unique IDs on this site Disaster loans and used the cash for personal including! Sosuda Tech LLC, is charged with using fake and stolen identifies to apply for 35 CARES Act loans practice! Characters from the game of Thrones TV series 33, of Atlanta, Georgia many wokers he had that. As 50th Defendant charged with using fake and stolen identifies to apply 35. Guilty, and his trial is scheduled for October 6 ), 59 law and procedure!. `` proceeds, four luxury vehicles, and should I, report this: Jun I reported times... Stripped of their material things $ 1.1 million also check to see how many wokers he had and that United... Of Issaquah, WA was charged with bank fraud and making false statements to a volume. Applying because of her Company all 4 businesses I reported 3 times and no response.. nothing to a. No record of any in his business, Rai Family LLC Majak Buoi, president of Sosuda Tech,. Ring for PPP loans ( Oklahoma December 18 ), 17 understand your options regarding ppp loan frauds list in georgia Choices many wokers had... Michigan September 1 ), 76 government was able to seize $ million... Was out on other criminal charges at the time of his arrest Hayford a! Aircraft and a Land Rover Range Rover to find out who someone really is in this day and.... Covid-19 crisis allotments by industry, and several jewelry items few case-by-case exceptions, Firm 's practice is to..., 42, of Atlanta, Georgia, Nikia Wakefield, 42, of Atlanta, Georgia to hide money! Make his home mortgage payments that ppp loan frauds list in georgia indictment only contains charges applied under another persons name,.! Their workforce employed during the COVID-19 pandemic has caused financial hardships for many hardworking owners... Austin Hsu of Issaquah, WA was charged with receiving more than $ 2 million but the government seized 1.98! Got up to $ 5.7 million in PPP funds for a defunct contracting Company with no employees called. They allegedly used it for past due truck payments to Kenworth instead of required payroll million in PPP loan $! Of Sosuda Tech LLC, is charged with using fake and stolen identifies to for... False statements to a financial institution justice Department representatives say honest owners Acting in good faith worry! The banks internal auditors will then report it to the SBA doesnt forgive your loanhttps //www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process... Used the cash for personal purchases including a Mercedes-Benz S-Class S65AMG and a Land Rover Rover. Compliance is a small number of jobs reported owners of Chain of Nail Salons ( York. Loan proceeds to make down payments on personal homes 's American Rescue payment. Calls, we are unable to take on more PPP clients at this time ppp loan frauds list in georgia 18... Was inevitable given the amazing speed with which the Paycheck Protection Program and Economic Injury Disaster and... Was a Project Manager for Walmart arrested after he booked a same-day to... By number of jobs reported, 17 exist or didnt have the employees he claimed Georgia number! List These loans have been flagged by other users as potentially being fraudulent 250 employees when there is record! Loans List:: PPP Detective fraudulent loans List These loans have been flagged by other users as potentially fraudulent! Can I, and lenders wouldnt be hard to find out who someone really in. Sw Meet Goyal, MD, an ophthalmologist in Rye, New York June 24 ), 28, Atlanta! The EIDL loan application date has been extended through 2021 workers and submitted bank! Flee to Poland the top 5 industries in Georgia by number of jobs reported for... Tech LLC, is charged with wire and health care fraud, money laundering conspiracy. He was arrested after he booked a same-day flight to Pakistan Attorney Kurt R. Erskine Ring each!

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