Obtaining more than one PPP loan (or stacking PPP loans) is prohibited, and companies that applied with multiple lenders could face allegations for attempting to stack PPP loans. 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. Man Out on Charges Buys Harley (Nevada August 21), 37. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. At Oberheiden P.C., our attorneys and former federal agents are intimately familiar with the federal auditing and investigative processes. He allegedly was caught on camera withdrawing cash. Manhattan Businessman (New York May 21), 6. The complaint alleges Smith bought a $96K Ferrari and other luxury items and withdrew $271,805 in loan proceeds. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. Use our searchable database to see who in Georgia received funds. Auto Repair Shop Owner (California June 5), 11. What are the Red Flags for PPP Loan Fraud? The PPP loan applications reported that each business had between 59 and 69 employees and approximately $295,000 to $342,000 in average monthly payroll expenses. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis. It is free MONEY no one will repay one single dollar. Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. Jesika Blakely, 34, of Atlanta, Georgia, is 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 her involvement in several businesses loans. He is alleged to have bought a $400,000 house with taxpayer funds. The overwhelming majority of small businesses have no allegations of Paycheck Protection Program fraud. Or do you want to know whichcompanies got taxpayer-fundedloans? Andre Lee Gaines, 67, of Dallas, Georgia, 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. He allegedly laundered funds he received by writing checks for $8,330 each to 23 people. Some of the law enforcement agencies involved in investigating are: The Board of Governors of the Federal Reserve System and Bureau of Consumer Financial Protection Office of Inspector General; Small Business Administration Office of Inspector General (SBA-OIG); Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG), and the FBI. 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. Authorities state Bellamy allegedly obtained a Paycheck Protection Program loan of $1,246,565 for his own company, Drip Entertainment LLC and then spent the proceeds on purchases at Dior, Gucci, and jewelers as well as withdrawing $302,000 in cash. He claimed to have 400 employees but actually had zero. Main Office: He allegedly used aliases to obtain $8.5 million in aid using fake tax filings and falsified records of payroll costs. Are you personally at risk as a company owner, board member, executive? Official websites use .gov Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. Muge Ma, a/k/a Hummer Mars, a Chinese national residing in Manhattan, was arrested on charges of trying to obtain over $20 million in PPP and EIDL capital. Our searchable databaseallows users to look up dollar allotments by industry, and lenders. 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. 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,. One was on behalf of a company called Texas Barbecue and the other called Houston Landscaping. Under the terms of the PPP, utilizing loan funds for personal expenses is expressly prohibited. 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. Two Men, Identity Theft and a Conspiracy (Rhode Island May 5, 2020), 3. When the SBA-OIG or DOJ launches an investigation, executing an effective and timely defense is imperative. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. I was put on furlough for almost 2 months from mid April to end of June. She allegedly submitted fake IRS form 940 filings (showing employment taxes claimed to be paid) for her company, Heavenly Tahoe Properties. The estimated amount was about. The charges allege the usual. Under the CARES Act, companies are only eligible to receive one PPP loan from one lender at a time. 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. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. 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. 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. He then allegedly transferred $47,000 to his personal checking account. The tool below can be used to search all publicly released PPP recipients in GA. - Federal Lawyer We Will Protect Your Rights, Reputation and Freedom. [SIGN UP: WSB-TV Daily Headlines Newsletter]. This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Acting U.S. Attorney Audrey Strauss said, Goyal allegedly looted over $630,000 in federal funds earmarked for legitimate small businesses in dire financial straits.. Some of Quarterman and Lawsons co-conspirators also allegedly recruited additional participants to the scheme and then sent their information to Quarterman for fraudulent loan applications. 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. Richard Ayvazyan, Marietta Terabelian, Artur Ayvazyan, Tamara Dadyan were charged in a complaint claiming they conspired together as part of a disaster relief loan fraud ring based in Los Angeles. But the program attracted a few rotten apples that committed PPP loan fraud. On August 9, Manukyan allegedly boarded a flight from Mexico City to Belarus. Brandon Casutt of Henderson, Nevada, is charged with EIDL and PPP fraud to the tune of $500,000. 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. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. If so, how do I go about it? He allegedly used the loot to buy a Tesla car, make personal investments and make his home mortgage payments. 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. 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. He has now gotten over $100K from all 4 businesses I reported 3 times and no response.. nothing! Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . A locked padlock 1349, individuals and companies charged with attempt can face the same penalties that apply to the successful completion of a criminal offense (i.e. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. 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. Main Office: However, the Government watchdog also recommended oversight of the 4 million smaller loans. Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. The two allegedly worked together on the scheme (mighty neighborly of them!). They are accused of using the cash for personal purchases including a Mercedes-Benz S-Class S65AMG and a Land Rover Range Rover. Oberheiden P.C. He allegedly lied about not being under criminal charges he in fact was under indictment for a bribery scheme. A Bentley Convertible and a Jaw Dropping Scheme (Texas October 9), 58. 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. Authorities say he went on a personal spending spree with taxpayer money. The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. The Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. Millions of Americans eventually will apply for forgiveness. 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. You can search and filter the list, but only flagged loans will be shown. And you wont believe how rotten they are. 18, 2021 at 12:18 PM EDT | Updated : Jun. When arrested, he had almost $80,000 in cash at his home and $9,400 in his pocket, authorities claim. One defendant was so brazen he allegedly posted a rap video online flashing $100 bills. 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. 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. The indictment alleges Kanan was under federal indictment on an unrelated matter at the time. Authorities allege they falsely claimed to be farmers in the yards of their small homes. The technical storage or access that is used exclusively for statistical purposes. Brenizer was out on other criminal charges at the time, but he allegedly applied under another persons name. Amanda Christian, 33, of Blythewood, South Carolina, 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 the loan obtained by her business, Advertising and Then Some Inc., and several other businesses loans. U.S. Attorney Brian T. Moran said in a statement, I am pleased that the systems designed to detect and deny fraudulent payments caught his scheme before federal funds went out the door.. NEED I SAY MORE! Fewer than 150 defendants out of of over 5.2 million loans is a minuscule percentage. The attempted fraud is staggering: $341,000,000 through January 2021. Rich Smith 31.3K subscribers Subscribe 110K views 1 year ago Here's a breakdown of the PPP Loan Fraud List and who got a PPP Loan.. 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. 2023 Cox Media Group. More than 15% of PPP loans had at least one indication of potential fraud. (Shutterstock) ATLANTA Federal fraud charges were filed against. 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. 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. 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. 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. Nine EIDL and PPP Loan Applications (Washington October 27), 62. Miles allegedly used the gains to purchase a Bentley and Cadillac, and withdrew hundreds of thousands of dollars. Fayne allegedly claimed he had 107 workers and submitted forged bank statements. 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. After receiving the loans, he bought a $480,000 , spent $50,000 to $200,000 on a lost gambling bet, bought a brand new speedboat worth about $150,000, he also bought Martina D****la a $900 pair of shoes for her 23rd birthday. The defendants allegedly took advantage of emergency financial assistance intended for business owners suffering the economic effects caused by the COVID-19 pandemic, said Acting U.S. Attorney Kurt R. Erskine. 22-Year Old Hair Extensions Entrepreneur (Texas September 15), 50. Thats a great point, Alex! An 18-Room Tuscan Mansion on the Taxpayer Dime (New York September 17), 51. In order to get Paycheck Protection loans forgiven and not have to repay the loan, owners have to show proof that at least 60% was used for payroll and the rest for other permitted expenses. The DOJ has already initiated multiple federal cases against individuals alleged to have converted PPP loan funds for personal use, and in these cases the defendants are facing hefty fines and years, if not decades, of federal imprisonment. She deposited the proceeds into four bank accounts, but that didnt hide it from authorities who seized her ill-gotten gains. Although the amount of the loans, $9,400 and $20,800, are not as large as some on the list, United States government agencies are not giving them any slack. Owners of Chain of Nail Salons (New York December 10), 71. For a quick overview, this infographic tells the story of what happens when the funds are misused in a PPP loan fraud. This case is being investigated by the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigation, the U.S. Treasury Inspector General for Tax Administration, and the Small Business Administration-Office of the Inspector General. 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. Ronald Bell, who conspired to extort money from Georgia Institute of Technology, has pleaded guilty to a charge of conspiracy to commit extortion. 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. 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. 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.. Unfortunately, the owners of Victoria Nails & Spa saw this program as their own personal piggy bank.. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. Fugitive defendant who fled during trial convicted by federal jury for laundering millions of dollars stolen from fraud victims throughout the U.S. Twenty Two Defendants Charged In Connection With Alleged $11.1 Million Paycheck Protection Program Fraud Scheme. McQuarn allegedly used the cash for personal use including buying a 26-foot Pavati Wake Boat and a Rolls Royce. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. 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. Advice. Their alleged greed affects every American taxpayer, and the FBI is making every effort possible to stop it and make sure PPP funds are used as intended., When tragedy strikes and citizens find themselves in a vulnerable situation to no fault of their own, the influx of government assistance unfortunately also attracts criminals, said IRS-Criminal Investigation Special Agent in Charge James E. Dorsey. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? (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. We have not conducted an exhaustive review of every sentence that federal courts have already imposed in PPP loan fraud cases as of November 15, 2021. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. 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. * * * DOJ will almost certainly expect cooperating institutions to provide investigative leads and will likely pursue those leads primarily through its own resources where it can., So imagine this scenario. NFL player Joshua Bellamy was charged for his alleged role as part of a $24 million COVID-Relief scheme. The Feds froze his bank account and recovered $402,000. Moller received close to $600K in stimulus PPP loan. A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. is headquartered in Dallas, Texas and it only maintains a fully equipped office in Dallas and Houston. A Cessna Aircraft and a Lexus (Virginia October 20), 59. 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. Great Article! A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. NFL Player Blows 62 Grand at the Hard Rock Casino (Florida September 10), 49. Our searchable databaseallows users to look up dollar allotments by industry, and lenders. Fourteen additional defendants were charged in a First Superseding Indictment unsealed on Wednesday, July 14, 2021: Three additional defendants have been charged by Criminal Information: Six defendants have pleaded guilty based on their roles in the fraudulent scheme since the original indictment was returned on August 4, 2020, including the mastermind, Darrell Thomas, and one defendant has been sentenced to date: Members of the public are reminded that the indictment contains only charges. Specifically, if and when Firm cooperates with Local Counsel, Firm will disclose the details to the client in writing for their approval. The SBA programs are complex and it is easy to trip up innocently. Breast Ultrasound Screening Coming Direct to You! Ex-Felon Charged With PPP Loan Fraud (Rhode Island September 22), 53. 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