Its easy to take risks on day trading and gambling when youre using taxpayer money. He claimed to have 400 employees but actually had zero. Below are some red flags that could trigger an investigation. The U.S. Secret Service and IRS participated in this investigation, along with the U.S. Attorney for the Southern District of Florida. Woman Achieves Distinction as 50th Defendant Charged with PPP Fraud (Florida September 3), 46. These are significant questions, and they are questions that you need to answer sooner rather than later. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.. Law enforcement assisting in the investigation included the Small Business Administration OIG office, the FBI, FDIC and others. 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. Many cases involve forged IRS filings one of the easiest things for the government to check. Reality TV Personality (Georgia May 13), 4. 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,. 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. Former Police Officer Sentenced For Money Laundering. It is free MONEY no one will repay one single dollar. He allegedly used aliases to obtain $8.5 million in aid using fake tax filings and falsified records of payroll costs. In order to ensure that no one at your company raises questions for federal authorities unnecessarily, it is imperative to rely on the advice and representation of experienced federal counsel. The pair allegedly received $97,800 and $125,900 respectively. Charles Petty a/k/a Charles Knight, 48, 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 the loan obtained by Transportation Management Services Inc. Jerry Baptiste, 43, of College Park, 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 the loan obtained by Transportation Management Services Inc. Derek Parker, 56, of Rochester Hills, Michigan, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, D Parker Holdings Inc. David Belgrave II, 49, of Lexington, South Carolina, 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 the loan obtained by his business, Continuing Success Inc. Charles Hill IV, 45, of Norcross, Georgia, is 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. Ryan Whittley, 35, of South Holland, Illinois, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, ML Exotic Customs Inc. El Hadj Sall, 39, of Jacksonville, Florida, is charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, Bellevie Corp. Rick McDuffie, 50, of Little Rock, South Carolina, is charged with conspiracy to commit wire fraud and wire fraud in connection with the loan obtained by his business, Mickies Auto and Tire LLC. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. She allegedly claimed to have 73 employees at her Dayton private investigation company. 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. 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. Joshua Thomas Argires of Houston was arrested on various fraud charges. 1014). 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. According to the SBA, the Paycheck Protection Program ended on May 31, 2021. A former Georgia mayoral candidate in charge of a nonprofit claiming to assist low-income families spent $323,000 in loans she received from the Paycheck Protection Program (PPP) on an in-ground . The technical storage or access that is used exclusively for anonymous statistical purposes. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. 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. The Feds managed to freeze most of the cash but not before the couple allegedly withdrew $30,000 in cash. So far, six. (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. Kyle William Brenizer of St. Paul is charged with wire fraud and money laundering. This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. In another case, a married couple was apprehended at JFK Airport allegedly attempting to flee the country after submitting 18 fraudulent PPP loan fraud applications. 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. In August 2021, Ms. VanPelt pled guilted to bank fraud related to submitting six fraudulent PPP loan applications on behalf of six companies she owned or controlled. According to the U.S. 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. Owner of Private Investigation Firm (Ohio June 24), 18. He allegedly transferred a quarter million dollars of proceeds to his personal brokerage account. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Man Couldnt Keep His 19 Fraudulent Applications Straight (Michigan September 1), 44. NFL player Joshua Bellamy was charged for his alleged role as part of a $24 million COVID-Relief scheme. After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. 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. PPP2 started accepting applications on January 11, 2021. Even if only one PPP loan was obtained, attempting to obtain more than one loan can still lead to criminal prosecution. 2023 www.onlineathens.com. 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. He allegedly was caught on camera withdrawing cash. Its alleged he then blew the money on a Rolex Presidential watch, a 5.73 carat diamond ring and other jewelry. 95% Success Rate. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. Man Flashes $100 Bills in Rap Video (New York September 10), 48. Postal Inspection Services and the Drug Enforcement Administration of methamphetamine hidden in dog food and shipped to one of the defendants led to the discovery of details of people in Houston, the Washington, D.C.-Metro area, and Metro Atlanta involved in a scheme to defraud the government of money through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 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. Fahad Shah got $1.5 million in funds. PRIDE Kickball Spring '23 League - Registration Deadline March 9th, Colony Roofers offers services in the Atlanta area, 5 Atlanta Area New Open Houses To Stop By, Jalen Carter Says He Will Be Cleared Of Wrongdoing In Fatal Crash, 3 Atlanta Farmers Markets To Shop Like A Pro, Info Here, 8 Best Places In The Atlanta Area To Take Visitors. The complaint alleges he ultimately received a loan for over $1 million. He ultimately received over $2 million but the government seized $1.98 million from business bank accounts. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. All rights reserved. The PPP promissory note you signed will have the terms applicable to you. Miles allegedly used the gains to purchase a Bentley and Cadillac, and withdrew hundreds of thousands of dollars. Wells Fargo previously fired him for embezzlement, according to news reports. Bank of America PPP loans class action overview: Who: Three small businesses are suing Bank of America over its management of PPP loans. 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. Loot paid for with PPP loan money included two Lamborghini Huracan sports cars, a Rolex Presidential watch, a 5.73-carat diamond ring, a diamond bracelet, two Tesla cars, a 26-foot Pavati Wake Boat, a 33-foot Cruiser yacht, two Rolls-Royces, a Lamborghini Urus luxury SUV, a Kia Stinger, a Ford F-350 pickup truck, at least three Bentleys, and an assortment of other pricey vehicles and boats. Authorities claims Yates used a name generator on the Internet to create names of fake staff. 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. Argires allegedly invested some of the proceeds in a cryptocurrency account and withdrew cash via ATM transactions. 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. 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. 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. Purchased a Luxury Mercedes E400 (Arizona December 17), 74. 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. Luckily, the Feds have recovered a large part of the loan proceeds already, although millions is forever gone. 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. We will work tirelessly to protect the integrity of the EIDL and PPP and to help small businesses stay afloat., The COVID-19 pandemic has caused financial hardships for many hardworking business owners across the nation. Postal Inspection Service. payments for travel, vehicles, and home office expenses) can also create risk. The bank recalled one loan and the Government seized funds for the other two. Have a question about Government Services? The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. 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. Rahul Shah of Evanston is charged with bank fraud and making false statements to a financial institution. 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. 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. On August 9, Manukyan allegedly boarded a flight from Mexico City to Belarus. The Justice Department is hot on their trail. However, this grace period has expired, and now the SBA Office of Inspector General (SBA-OIG), the U.S. Department of Justice (DOJ), and other federal agencies are aggressively targeting companies suspected of engaging in PPP loan fraud. Its intended to offer news and peer perspective on an important issue that affects us as business owners. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. 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. They allegedly filed fake tax documents to support the loan applications. In July, the Feds seized $866,019 from his bank accounts. David T. Hines of Miami is charged with fraudulently seeking $13.5 million in PPP funds using false statements about various companies payroll expenses. Why: The plaintiffs say the bank misled small business owners into taking out pandemic-era Paycheck Protection Program loans that would not be forgiven by the government. Buoi allegedly misrepresented how many wokers he had and that the United States was their primary residence (required). 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. Dr. Eric R. Shibley is charged with one count of wire and bank fraud each. To this end, all companies that received PPP loans would be well-advised to proactively conduct an internal PPP compliance investigation. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. Evasiveness and inability (or unwillingness) to produce documentation of PPP compliance is a major red flag for fraud as well. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. The banks internal auditors will then report it to the SBA faster than you can say oops, bad move.. Louis was awaiting trial on unrelated charges dating from 2014 2015. 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 federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. Its going to raise a red flag. Lola Shalewa Barbara Kasali, 22, of Houston was charged with several counts in which she allegedly received more than $1.9 million for two companies, including Charm Hair Extensions. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks]. A 2020 Bentley Continental and Cadillac Escalade (New York December 21), 77. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. The two allegedly worked together on the scheme (mighty neighborly of them!). A discovery by the U.S. A lock ( 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. The overwhelming majority of small businesses have no allegations of Paycheck Protection Program fraud. Case data source and image source: Justice.gov. 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. 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. PPP Loan Fraud List | Who Got a PPP Loan? And for how much? The defendants are charged with using fake and stolen identifies to apply for 35 CARES Act loans. 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. In fact, the majority (68%) of the loans were under $50,000, which sounds right for most small businesses which tend to be pretty small, and the self-employed. Tristan Bishop Pan was charged for allegedly seeking $6 million in Paycheck Protection Program loan. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. Secure .gov websites use HTTPS 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. Some of them operated as crime rings as part of the PPP loan fraud schemes they were committing. ) or https:// means youve safely connected to the .gov website. He allegedly obtained $841,000 in PPP funds for a defunct contracting company with no employees, called True-Cut. Stopping COVID-related fraud is a priority for the Department of Justice. This table shows the top 5 industries in Georgia by number of loans awarded, with average loan amounts and number of jobs reported. If an applicant knowingly answers any of these questions falsely, it may face False Claims Act liability.. Millions of Americans eventually will apply for forgiveness. How does the government miss a well know con artist? Geoffrey M. Palermo of Novato faces charges of wire fraud and making false statements. 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. He was arrested after he booked a same-day flight to Pakistan. Glad theyre doing the work to clean it up and recover some of these funds. From his bank accounts this website, you accept the terms applicable you... Achieves Distinction as 50th Defendant charged with using fake tax documents to support the loan applications to... Allegedly said she would help him re-apply through a friend companies with names like White Walker, Khaleesi and! 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