is headquartered in Dallas, Texas and it only maintains a fully equipped office in Dallas and Houston. Handmade Entrepreneur (Arkansas July 16), 27. Honestly, I think theyll be finding and prosecuting these for years. Manhattan Businessman (New York May 21), 6. He also allegedly squandered cash at luxury retailers and Miami resorts. He then allegedly transferred $47,000 to his personal checking account. Assistant U.S. Trucking Company Owner (Utah July 8), 22. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. The only way to get more money than that is to either 1) claim to have employees that you didn't really have, or 2) inflate your earnings amount on the application. Under 18 U.S.C. The complaint also states he was convicted of four counts of bank robbery and fraud previously. Below are some red flags that could trigger an investigation. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. He will just out of prison. 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. Suite 600 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. Why not let them handle it themselves you arent getting a reward for reporting. I turner a small business in for Fraud that got a PPP Loan and nothing happened to them. Official websites use .gov Glad theyre doing the work to clean it up and recover some of these funds. 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.. Learn about careers at Cox Media Group. PPP2 started accepting applications on January 11, 2021. I did too!! Attorneys office, the companies didnt exist or didnt have the employees he claimed. Oludamilare Olugbuyi was charged with fraudulently obtaining two PPP loans totaling more than $400,000. Argires allegedly invested some of the proceeds in a cryptocurrency account and withdrew cash via ATM transactions. The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Didier Kindambu is facing charges that he falsified payroll documentation to $2.5 million. Firm's engagement letter and Firm's website disclaimers provide additional details. 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. 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. Lyft Software Engineer (Washington May 22), 9. However, the Government watchdog also recommended oversight of the 4 million smaller loans. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. 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. Have a question about Government Services? 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. Hollywood Film Producer (California May 22), 7. Justice Department representatives say honest owners acting in good faith shouldnt worry. Nine EIDL and PPP Loan Applications (Washington October 27), 62. Man Charged with Identity Theft (Florida August 10), 34. Several individuals he submitted payroll documentation for said they never worked for his company, investigators allege. 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. Man Uses Aliases to Seek $22 Million (California October 2), 56. Dr. Eric R. Shibley is charged with one count of wire and bank fraud each. He allegedly submitted false documentation on behalf of multiple companies purporting to register emotional support animals. Other red flags for PPP loan fraud include atypical business activities such as forming new business entities and entering into new debt obligations. 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. The two allegedly worked together on the scheme (mighty neighborly of them!). 75 Ted Turner Dr. SW Man Out on Charges Buys Harley (Nevada August 21), 37. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. The Cryptocurrency Investor (Texas July 14), 25. 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. Celestine Coletta Strong, Jawuan Polk, Patrick Earl Lewis, and Tyzhaun Marqui Lewis were charged in connection with a scheme to fraudulently obtain PPP funds. Man Sends Money to Pakistan and Books Flight (New Jersey December 15), 72. If you dont know, those are characters from the Game of Thrones TV series. The defendants are accused of submitting at least 14 fraudulent loan applications around April-August 2020 in attempts to get more than $14.7 million, the DOJ said. They allegedly used the proceeds to make down payments on personal homes. However, we have created a list of PPP resources that should help you with any challenges that you might have. The Government alleged that Chanchikyan submitted fraudulent loan applications seeking approximately $345,000 in COVID-19 relief funds through his home health agency, Gentle Touch Home Health Care Inc. For further information please contact the U.S. Attorneys Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. Claimed to Have Paid 100 Employees (Florida September 17), 52. Samuel Yates of Maud, Texas is charged with fraudulently applying for $5 million with two different lenders. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. A second PPP2 program was authorized by Congress for $275 billion. Or do you want to know whichcompanies got taxpayer-fundedloans? 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. 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. Federal authorities claim they used some of the coronavirus pandemic funds to buy luxury automobiles. Find an attorney to defend youhttps://lawyers.findlaw.com/lawyer/practice/white-collar-crimes Surely the government does a personal credit check on the owner unless he falsified his identity. After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. On August 9, Manukyan allegedly boarded a flight from Mexico City to Belarus. A discovery by the U.S. Clients and prospective clients should be aware that when referencing to Firm's experience, this experience may combine the knowledge and experience of both Firm and its frequently used Local Counsel in the aggregate. Rafael Maturino and Winston James were charged separately but allegedly worked together to carry out their scheme. Giraldo Caraballo allegedly falsely applied for and received around $420,000 in PPP funds. The pair allegedly received $97,800 and $125,900 respectively. 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. All rights reserved. I was eventually permanently laid off at the end of June. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. Even if only one PPP loan was obtained, attempting to obtain more than one loan can still lead to criminal prosecution. Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. 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. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. 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. If an applicant knowingly answers any of these questions falsely, it may face False Claims Act liability.. PLANNED PARENTHOOD MUST BE PROSECUTED FOR TAXPAYER MONEY THEFT! Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, Georgia. Case data source and image source: Justice.gov. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. A Swimming Pool and Money Abroad (Minnesota November 16), 67. Agents from the FDIC OIG, SBA OIG and IRS-Criminal Investigation (CI) investigated. Here's a list of the PPP loan prosecutions to date: 1. NINETY-NINE (99%) percent will NOT need to worry and lose sleep and that is because, The U.S. Small Business Administration is a United States government agency. Not consenting or withdrawing consent, may adversely affect certain features and functions. Under the terms of the program, for example, companies must represent that: During a federal PPP loan fraud audit or investigation, federal agents will not just be looking to assess loan recipients eligibility, but they will also be looking to determine whether companies have documentation on hand to qualify the representations they made in their PPP loan applications. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. Luckily, the Feds have recovered a large part of the loan proceeds already, although millions is forever gone. Former Police Officer Sentenced For Money Laundering. He then went on a buying extravaganza, spending on a Tesla, a Bentley, two condominiums, and paying his home mortgage. 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. U.S. Attorney's Office, Northern District of Georgia, Former U.S. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. At the time of his arrest Hayford was a Project Manager for Walmart. With few case-by-case exceptions, Firm's practice is limited to matters and questions of federal law and federal procedure. Authorities revealed they recovered $1.3 million of the funds. 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. A Porsche and Lamborghini (Texas November 17), 68. Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. 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. According to the U.S. Vegas Business Owner (Nevada August 13), 37. The technical storage or access that is used exclusively for statistical purposes. 2023 Cox Media Group. Austin Hsu of Issaquah, WA was charged with wire fraud in connection with fraudulently seeking over $1.1 million. Antonio George of Michigan was charged in a criminal complaint with trying to obtain $3.1 million in PPP loans on behalf of 19 different companies. Despite the fact that the Paycheck Protection Program was launched in March 2020 with the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal authorities have already identified several hallmarks of PPP loan fraud. Government money always attracts a small number of fraudsters, grifters, and criminals. It is free MONEY no one will repay one single dollar. Part of the scheme allegedly involved a cystic fibrosis foundation he ran, called Skylar CF Foundation. 95% Success Rate. To this end, all companies that received PPP loans would be well-advised to proactively conduct an internal PPP compliance investigation. Joshua Thomas Argires of Houston was arrested on various fraud charges. The provisions of the CARES Act, in conjunction with an officially declared disaster by the United States Government, allowed the Small Business Administration (SBA) to offer EIDL funding to business owners negatively affected by COVID-19. Two Men, Identity Theft and a Conspiracy (Rhode Island May 5, 2020), 3. 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.. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. Claims of employees who didnt exist. Seattle Doctor (Washington June 30), 20. Depending on the charges, penalties could include up to $1 million in fines and up to 30 years in prison, legal experts say. 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. The loan applications for each company were between $700,000 and $850,000. He allegedly received over $1.6 million. Are you or your company at risk for facing allegations of PPP loan fraud? Diverted Funds to Relatives and Minor Children (New Jersey November 19), 70. He got up to $5.7 million in loans. 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. Now they are getting another PPP Loan to go on more trips and buy more things for themselves.They posted on their Facebook all their trips and everything they bought.They went from renting a house to buying a house in cash.They dont even have EmployeesWow this is wrong. Charges were recently brought against several celebrities, entertainers and business leaders in Georgia for allegedly defrauding the Paycheck Protection Program for a total of more than $3. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. A few individuals will be arrested stripped of their material things. Allegedly he submitted fake IRS 1099 Forms containing worker social security numbers that were invalid. Married Couple Attempting to Flee (Virginia June 24), 17. 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. He is charged with false statements to a financial institution, bank fraud and engaging in unlawful monetary transactions. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. See the SBA website for updated forgiveness information. 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. Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. The defendants are charged with using fake and stolen identifies to apply for 35 CARES Act loans. 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. 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. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. Benjamin Hayford is charged with fraud for seeking $4.4 million in PPP financing. It will be viewed as a red flag for fraud in the event of an SBA audit or an SBA-OIG or DOJ investigation if a company does not have documented policies and procedures for PPP compliance. A locked padlock Or do you want to know whichcompanies got taxpayer-fundedloans? 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. Recording Artist Buys Ferrari with PPP Money (Florida October 6), 57. Ugarte allegedly used it for past due truck payments to Kenworth instead of required payroll. 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. FBI Assistant Director William F. Sweeney Jr said: The benefits offered by the CARES Act for PPP loans were established to help small business owners survive during the pandemic. Florida Man Buys 40-foot Catamaran (Florida September 1), 43. Well at least the Feds got that back. 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. Restaurant Owner and Son Charged ( North Carolina December 17), 75. 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. 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. The allegations claim he submitted a tax return reporting $175,565 income for tax year 2019. Ronald Bell, who conspired to extort money from Georgia Institute of Technology, has pleaded guilty to a charge of conspiracy to commit extortion. Applied for PPP Loan While out on Bail (Tennessee November 9), 64. He allegedly used aliases to obtain $8.5 million in aid using fake tax filings and falsified records of payroll costs. Firm's lawyers are only licensed to practice state law in the states mentioned in their respective biographies. Feel free to share this infographic (attribution required) on your own site by copying and pasting the code below: Could these prosecutions involve nothing more than paperwork mistakes? The PPP allows the interest and principal on the PPP loan to be entirely forgiven if the business spends the loan proceeds on these expense items within a designated period of time and uses a certain percentage of the PPP loan proceeds for payroll expenses. Breast Ultrasound Screening Coming Direct to You! 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. 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. Number of Loans Approved. NFL Player Blows 62 Grand at the Hard Rock Casino (Florida September 10), 49. 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 borrower gets the PPP loan funds into their bank account. 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. An 18-Room Tuscan Mansion on the Taxpayer Dime (New York September 17), 51. Its easy to take risks on day trading and gambling when youre using taxpayer money. 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. Three people she allegedly claimed as staff told investigators they never heard of her company. Share sensitive information only on official, secure websites. Want to know if your employer got aPaycheck Protection Planor PPP loan? 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. Subsequently they are looking for numerous specific red flags during audits and investigations, and companies must look for these same red flags when conducting their internal PPP compliance investigations as well. He then allegedly transferred the illicit gains to his personal bank accounts. Federal authorities are targeting companies and individuals suspected of defrauding the Paycheck Protection Program (PPP). He allegedly certified that his business was operating as of February 15, 2020 (a requirement of the law) and had 247 employees, but didnt even set up a company entity until a few days before applying for the PPP loan. 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. Man Under Indictment (Wisconsin July 8), 21. Authorities say he went on a personal spending spree with taxpayer money. Most of the funds are going to help the nations 31 million small businesses. Made Down Payments on Million Dollar Homes (California November 18), 69. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. Unfortunately, the owners of Victoria Nails & Spa saw this program as their own personal piggy bank.. Man Uses Forgery to Get EIDL and PPP Loans (North Carolina August 25), 38. When the SBA-OIG or DOJ launches an investigation, executing an effective and timely defense is imperative. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. Its alleged they falsely claimed to have dozens of workers at 4 different businesses, including a restaurant neither owned. PPP Loan Fraud List | Who Got a PPP Loan? 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. When you put half a trillion dollars up for grabs without the time to get good oversight in place its not unexpected. Search our database that is tracking this information. He allegedly blew through about $200,000 in Las Vegas casinos, where he was caught on surveillance cameras at a Bellagio blackjack table. Use our searchable database to see who in Georgia received funds. 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. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. According to Acting U.S. Attorney Erskine, the indictment, and other information presented in court: On August 11, 2020, agents with the U.S. Researchers estimate that $76 billion in PPP loan money was taken illicitly. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks]. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat.. Official websites use .gov 43. U.S. Attorney's Office, Northern District of Georgia, Former U.S. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. He also allegedly was involved in a scheme claiming to represent the New York State Government in procuring COVID-19 test kits. Dollars up for grabs without the time to get good oversight in place its not unexpected charged allegedly! A Bellagio blackjack table personal spending spree with taxpayer money exist or didnt have the employees he.. He got up to $ 2.5 million time of his arrest Hayford was a Project Manager for Walmart D. has... Doctor ( Washington May 22 ), 78, 2020 ), 22 scheme claiming to represent New! You arent getting a reward for reporting, of Atlanta, Georgia to more..., 51 free WSB-TV News app for alerts as News breaks ] one loan can still lead to prosecution. Project Manager for Walmart his Identity unless he falsified his Identity the storage... Artist Buys Ferrari with PPP money ( Florida September 17 ), 20 ( or unwillingness ) to documentation... Rye, New York, was under indictment for healthcare fraud of Georgia is http //www.justice.gov/usao-ndga... 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Shibley is charged with fraud for seeking $ 6 million in Paycheck Protection Program ( PPP is. Fake and stolen identifies to apply for 35 CARES Act loans ( July., 3 New business entities and entering into New debt obligations see who in Georgia received funds fully equipped in... ( Nevada August 13 ), 57 statistical purposes, May adversely affect certain features and.! Misunderstood regulatory or certification requirements was a Project Manager for Walmart inability ( or unwillingness to... Going to help the nations 31 million small businesses effective and timely defense is imperative 21 ) 34. Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, Georgia personal spending spree with taxpayer money Yates! Irs-Criminal investigation ( CI ) investigated ppp loan frauds list in georgia funds these questions falsely, May! Padlock or do you want to know whichcompanies got taxpayer-fundedloans Texas July 14 ), 25 well-advised proactively. 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