The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $3 million in COVID-19 relief funds. Bluevine, one of the fintechs in this group, processed over $4.5 billion in PPP loans for at least 155,000 businesses, a letter from its CEO says. This site is not affiliated with the SBA or any other governmental body. Vinath Oudomsine was charged with one count of wire fraud. The Government alleged that Mr. Gautreaux submitted fraudulent loan applications seeking over $13 million in COVID-19 relief funds. The case was brought in Minneapolis, Minnesota. The case was brought in Boston, Massachusetts. On August 25, 2021, Mr. Kamgaing pleaded guilty to one count of wire fraud in relation to emergency benefits and one count of money laundering. PPP data Adam Arena was charged with attempt and conspiracy to a commit mail fraud and engaging in monetary transactions. The case was brought in Miami, Florida. The case was brought in Ocala, Florida and his trial is currently scheduled for August 1, 2022. Michael DiMassa, John Bernardo, John Trasacco, and Lauren Knox were charged with wire fraud and conspiracy charges. On March 16, 2022, Mr. Boncimino was sentenced to 36 months in prison. The Government alleged that Mr. Abramovs submitted fraudulent loan applications obtaining approximately $1,986,737.46 in COVID-19 relief funds. The case was brought in Washington, D.C. The Government alleged that Schoepflin and Leon filed fraudulent loan applications seeking over $300,000 in COVID-19 relief funds. The case was brought in Miami, Florida. On September 29, 2021, Charles Hill pleaded guilty to conspiracy to commit wire fraud, and he was sentenced to probation for 5 years, with the first 27 months to be served on home detention on January 12, 2022. The Government alleged that Dr. Shibley submitted fraudulent loan applications seeking over $3 million in COVID-19 relief funds. The Government alleged that Santana submitted a fraudulent loan application to obtain $2.5 million in COVID-19 relief funds. Joshua Bellamy was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. The case was brought in Newport News, Virginia. The Government alleged Eldabbagh submitted fraudulent loan application obtaining approximately $2,400,000.00 in COVID-19 relief funds. Mukund Mohan was charged with several counts each of wire fraud and money laundering. The Government alleged that Mr. Belone submitted fraudulent claims for reimbursement to Medicare through his companies R&S Pharmacy Inc, and R&S DME Service, LLC obtaining approximately $2,536,411.00 During the investigation it was revealed that Mr. Belone submitted fraudulent loan applications on behalf of R&S Pharmacy and obtained approximately $22,500.00 in COVID-19 relief funds. The Government alleged that Ms. Denton submitted fraudulent loan applications for $491,310 in COVID-19 relief funds. Red Flags: The First Year of COVID-19 Loan Fraud Cases - POGO Mr. Tezna was sentenced to 18 months in prison. Mr. Augustin pleaded guilty to one count of conspiracy to commit wire fraud on December 27, 2021. His sentencing is scheduled for December 15, 2021. The case was brought in Providence, Rhode Island. The Government alleged that Mr. Marnell submitted fraudulent loan applications and obtained over $9 million in COVID-19 relief funding. The Government alleged that Jalloul, a tax consultant, submitted approximately 170 loan applications for over 160 of his clients seeking over $23 million in COVID-19 relief funds. On September 23, 2021, Mr. Henley was sentenced to 6 months in prison. 94% of the total 2020 PPP loan value has been forgiven, in full or in part. See Wook Chung was charged with fraud by wire, radio, or television. Mr. Henley pleaded guilty to one count of bank fraud. The case was brought in Detroit, Michigan. Largest PPP Loan Recipients List Nationwide - FederalPay The Government alleged that Mathews submitted 38 fraudulent loan applications obtaining over $1 million in COVID-19 relief funds. Scott Suber was charged with one count of bank fraud. The Government alleged that Mr. Suber submitted fraudulent loan applications and obtained $350,000 in COVID-19 relief funds. The Government alleged that Mr. Largest PPP Loan Recipients List Nationwide A total of 108,968 businesses across the United States have received Coronavirus-related Paycheck Protection Loans (PPP) loans from the Small Business Administration of the MAXIMUM available amount of $10,000,000 (ten million dollars). The Government alleged that Mr. McBreairty inflated his payroll to obtain 3 separate loans and misused over $55,000 in COVID-19 relief funds. On June 16, 2021, Mr. Stewart was sentenced to 21 months on each count, to run concurrently. The case was brought in Washington, DC. Mr. Oudomsine was charged by an information on October 19, 2021, and he pleaded guilty to one count of wire fraud on October 28, 2021. The case was brought in Orlando, Florida, and his trial is currently scheduled for August 1, 2022. On November 1, 2021, he pleaded guilty to an information and was sentenced to 24 months on February 2, 2022. He was sentenced to 24 months in prison on November 17, 2021. Mr. Mason pleaded guilty on January 4, 2022, and is scheduled to be sentenced on October 12, 2022. Mr. Jaafar pleaded guilty to one count of conspiracy against the U.S. The case was brought in Greensboro, North Carolina. The case was brought in Atlanta, Georgia. The case was brought in Providence, Rhode Island. On March 11, 2021, Bern Benoit pleaded guilty to one count of conspiracy to commit bank and wire fraud. These loans have been flagged by other users as potentially being fraudulent. The Government alleged that Nicoloff submitted fraudulent loan applications seeking over $1.5 million in COVID-19 relief funds. Acknowledging PPP loan applicants' compliance burdens (and the limited information that was initially made available to applicants), the U.S. Small Business Administration ( SBA) offered a grace period within which companies could return improperly obtained PPP loans without penalty. Federal prosecutors and criminal investigators from various federal agencies are actively looking for possible PPP loan fraud, EIDL loan fraud, and other CARES Act violations in an attempt to recover money that may have been fraudulently obtained from COVID-19 relief programs. Frank Hamilton, Michael Jones, Peter An, Edwin Bonilla, Tina Chen, Joseph Greco, Timothy Park, and Kenny Tran were charged with wire fraud conspiracy. The Government alleged that Ms. Lawson and Ms. Quarterman submitted fraudulent loan applications on behalf of the other defendants seeking over $700,000 in COVID-19 relief funds. Both Ms. Stanley and Mr. Philus have pleaded guilty. Mr. Mancieri has a change of hearing plea scheduled for August 15, 2022. Moon was sentenced to 24 months in prison. The Government discovered evidence of the scheme while serving a warrant on Ms. Quarterman as part of a meth-trafficking investigation. Rahul Shah was charged with bank fraud, making false statements on a loan application, and identity fraud. Mr. Fitzgerald-Holley pleaded guilty and was sentenced to 6 months in prison on April 21, 2022. Mark Stewart was charged with conspiracy to defraud the United States. Please let us know if there is any other case we need to watch. The Government alleged that the defendants conspired to submit fraudulent loan applications and obtain over $3 million in COVID-19 relief funds. The other defendants have pleaded not guilty, and their trial is scheduled for September 15, 2022. The Government alleged that Mr. Eustache submitted 13 loan applications seeking over $2.1 million in COVID-19 relief funds. There are, of course, many other CARES Act fraud investigations currently pending that may later result in criminal charges. The Government alleged that Mr. Pan submitted fraudulent loan applications seeking over $6 million in COVID-19 relief funds. On January 31, 2022, Ms. Ford-Victory pleaded guilty to one count of wire fraud conspiracy. Mr. Hsu pleaded guilty to one count of wire fraud. On June 2, 2021, Mr. Smith was sentenced to 57 months in prison. The Government alleged that Ms. Martins submitted fraudulent loan applications seeking over $40,000 in COVID-19 relief funds. The case was brought in Miami, Florida. Ms. Miller has pleaded not guilty, and trial is scheduled for December 6, 2022. 100 people have been arrested so far. The case was brought in Concord, New Hampshire. A separate investigation by the nonpartisan Project on On July 18, 2021, he was sentenced to over 11 years in prison. Dennes Garcia was charged with conspiracy to commit wire fraud, bank fraud, and conspiracy to attempt to commit wire fraud and bank fraud. The Government alleged that Mr. Davis submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Michael McGee, Jr. was charged with attempt and conspiracy to commit fraud, multiple counts of wire fraud, and interstate commerce. The Government alleged that Hackstadt submitted fraudulent loan applications and obtained over $250,000 in COVID-19 relief funds. Which Federal Agencies Investigate PPP Loan Fraud? The case was brought in Savannah, Georgia. The Government alleged that Mr. Chapon submitted fraudulent loan applications through her corporate entities Heavenly Tahoe Properties, Desert Sun Events, and Tahoe Weddings and Events obtaining approximately $596,231.00 in COVID-19 relief funds. On September 15, 2021, Mr. Fayne was sentenced to 210 months in prison. Both Hatter and Parker have pleaded not guilty and their case is pending. Mr. Brown plead guilty to an information on February 1, 2022. Shanrika Duhart was charged with conspiracy to defraud the United States. The Government alleged that Mr. Henley submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Latoya Stanley and her partner, Johnny Philus were both charged with conspiracy to commit wire fraud. Mr. Yates pleaded guilty on May 6, 2022, and sentencing has not been scheduled. In the New York case, Mr. Sadleir pleaded guilty on January 19, 2022 and his sentencing hearing is to be determined. The Government also alleged that Ms. Miller submitted fraudulent requests for unemployment benefits. Steven Jalloul was charged with one count of engaging in monetary transactions using property derived from unlawful activity. Ms. Denton pleaded guilty to one count of conspiracy to commit wire fraud on July 22, 2021. The PPP provides businesses with forgivable loans to pay for temporary payroll costs and certain other business expenses including mortgages, rent, and utilities. Darius McCants was charged with attempt and conspiracy and multiple counts of wire fraud. Mr. Smith pleaded guilty to one count of bank fraud. The Government alleged that the two businessmen submitted fraudulent loan applications seeking over $500,000. The Government alleged that Ms. Swope and Ms. Pearson submitted fraudulent loan applications seeking over $5 million in COVID-19 relief funds. Shaquandra Woods, Courtney Gilchrist, and Kenneth Jackson were charged with conspiracy to commit wire fraud, false statements on loan applications, and false documents. He is scheduled to be sentenced on August 15, 2022. Zhang pleaded guilty and was sentenced to 60 days in prison on May 7, 2021. The Government alleged that Mr. McLeod and Ms. Wilson submitted fraudulent loan applications seeking $1 million in COVID-19 relief funds. Disclaimer|Sitemap. He was sentenced to 57 months in prison on February 2, 2022. On October 12, 2021, Mr. Moller was sentenced to 70 months in prison. The Government alleged that Mr. George and his co-defendants submitted fraudulent loan applications seeking over $4.1 million in COVID-19 relief funds. The PPP allows the interest and principal to be forgiven if businesses spend the . On December 9, 2020, Mr. Suber pleaded guilty to an information. The case was brought in Atlanta, Georgia. The Government alleged that Mr. Mills illegally received over $450,000 in unemployment insurance benefits during the COVID-19 pandemic. All cases were brought in Atlanta, Georgia. Mr. Malik pleaded guilty on the same day to conspiracy with a five-year maximum sentence, and he is also scheduled to be sentenced on August 8, 2022. False Claims Act Case Tracker for Paycheck Protection Program - Dorsey They also alleged that he submitted fraudulent loan applications seeking over $6.9 million in COVID-19 relief funds. Ms. Williams was sentenced to time served with 6 months home confinement on May 25, 2022. Soto pleaded guilty on February 24, 2022, and is scheduled to be sentenced on August 3, 2022. The case was brought in Houston, Texas. Mr. Olivetti pleaded guilty on December 13, 2021, and is scheduled for a pre-sentence conference on August 30, 2022. The Government alleged that Makki filed ten fraudulent loan applications seeking over $1.08 million in COVID-19 relief funds and transferred the funds to purchase a condo in Lebanon. On September 27, 2021, he was sentenced to 30 months in prison. The case was brought in New York, New York. Investigations by the DOJ and U.S. The Government filed a criminal complaint on October 11, 2021. The Government alleged that Mr. Rai submitted fraudulent loan applications seeking over $10 million in COVID-19 relief funds. The Government alleged that Mr. Mohan submitted fraudulent loan applications seeking over $5.5 million in COVID-19 relief funds. On December 3, 2020, Mr. Fiedler pleaded guilty to conspiracy to commit wire fraud. The case was brought in Newark, New Jersey. Petty pleaded guilty on November 10, 2020. Dr. Joseph has pleaded not guilty. The Government also alleged that Mr. Carter spent more than $21,000 of the loan funds at a car company for repairs and detailing. In February 2022 by The Church Law Firm LLC. The Government alleged that Mr. Blotnick submitted fraudulent loan applications seeking $4.6 million COVID-19 relief funds and transferring that money to his brokerage accounts to buy stock. Trevor Lanius-McLeod and Kasey Wilson were charged with bank fraud and money laundering. On June 16, 2021, Darrell Thomas pleaded guilty to one count of conspiracy to commit bank and wire fraud and one count of money laundering, and he also admitted to additional fraud as part of his plea deal, including obtaining fraudulent automobile loans. Help us crowdsource fraud detection in the PPP program! The case was brought in Atlanta, Georgia. The Government alleged Ms. Walker participated in a conspiracy with others that involved submitting fraudulent loan applications seeking a total of $24 million in COVID-19 relief funds. The Government alleged that Mr. and Mrs. Porch submitted fraudulent loan applications seeking $364,000 in COVID-19 relief funds. The case was brought in Dallas, Texas. The Government alleged that Mr. Jaafar submitted fraudulent loan applications seeking $6 million in COVID-19 relief funds. His sentencing is under seal. Called PPP for short, the program offered simple-to-get . The Government alleged that Ms. Duhart submitted fraudulent loan application for her company Hair She Goes, Inc, and obtained approximately $388,790.00 in COVID-19 relief funds. The Government also alleged that after Rabbitts businesses received the loans, Aguilar created fake payroll companies and accepted checks from Rabbitts businesses indicating that they were for payroll purposes. . The case was brought in Los Angeles, California. Mr. Tezna pleaded guilty to one count of bank fraud. Mr. Schampers is scheduled for trial on September 26, 2022. Brandon Ridge was charged with brank fraud, wire fraud, and money laundering. Researchers estimate that $76 billion in PPP loan money was taken illicitly. The Government alleged that Mr. On the same day, Mr. Philus was sentenced to 30 months in prison. We also help our clients gain access to seized or frozen accounts by working with banks, and government agents to release money that rightfully belongs to our clients. They have not yet been sentenced. PPP Loans Investigations - PPP red flags | Suncrest Financial Services Fraud lessons from 3 rounds of paycheck protection program Don Cisternino was extradited from Croatia to face wire fraud, identity fraud, and illegal monetary transaction charges. The case was brought in Beaumont, Texas. Fraudulent Loans List :: PPP Detective The Government alleged that Ms. Ortiz fraudulently obtained Social Security benefits and COVID-19 unemployment benefits with an individual she met through an online dating site. "The two operating components of the [SBA-OIG] are the Auditing Division and the Investigations Division. Mr. Moller has a prior conviction for fraud. Nikia. Wakefield, Darryl Washington, Katie Quarterman and India Middleton have a change of hearing plea scheduled on August 4, 2022. Joshua Argires was charged in a criminal complaint with making false statements to a financial institution, wire fraud, bank fraud, and money laundering. Lakisha Swope and Treisha Pearson were charged with conspiracy to defraud the United States, bank fraud, wire fraud, and money laundering. The Government alleged that Ms. Tubbs submitted fraudulent loan applications and obtained almost $2 million in COVID-19 relief funds. Mr. Welch pled guilty and was sentenced to 5 years of probation on June 15, 2021. $341 Million in PPP Fraud So Far, and Counting - Small Business Trends Jones pleaded guilty on June 1, 2022 and is scheduled to be sentenced on September 27, 2022. Se Habla Espaol, 101 Marietta Street NWSuite 3300Atlanta, GA 30303(404) 223-3310, 2022 by The Church Law Firm LLC. The Government alleged that Mr. Tolliver submitted fraudulent loan applications seeking $7.6 million in COVID-19 relief funds, of which he obtained over $1.1 million. Jason Carter was charged with one count of wire fraud. Izzat and Tarik were found guilty at trial on March 17, 2022. The case was brought in Atlanta, Georgia. Mr. Charno was sentenced to 24 months in prison on May 23, 202. Anuli Okeke was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, bank fraud, and money laundering conspiracy. The Government alleged Edwards and Richardson submitted fraudulent loan applications obtaining over $2 million in COVID-19 relief funds. The Government alleged that Mr. Markovich conspired to unlawfully bill for treatment services during the COVID-19 pandemic, as well as filing fraudulent loan applications seeking over $500,000 in COVID-19 relief funds. This case was brought in Boise, Idaho. Brittany Shearod was charged with attempt and conspiracy to commit fraud and multiple counts of wire fraud. The case was brought in Los Angeles, California. Mr. Lewis was sentenced to 22 months in prison on June 29, 2022. The woman pleaded guilty to wire fraud and making false statements in response to a grand jury's indictment last year. Lee Price was charged with wire fraud, bank fraud, money laundering, and making false statements to a lending institution. The case was brought in Seattle, Washington. The case was brought in Brooklyn, New York. The Government alleged that, while she was out on bond in a pre-existing healthcare fraud case, Ms. Terry submitted fraudulent loan applications to obtain $290,000 in COVID-19 relief funds. PPP Loan Investigations: What's On The Horizon for Banks? The Government alleged that Ms. McConnell submitted fraudulent loan applications seeking over $232,000 in COVID-19 relief funds. Ms. Abbas pleaded guilty on February 1, 2022, and was sentenced to time served on May 19, 2022. On January 4, 2022, she was sentenced to 41 months in prison. Ms. Duhart pled guilty and was sentenced to 3 years in prison on February 22, 2022. The Government alleged that Smith submitted fraudulent loan applications seeking over $212,000 in COVID-19 relief funds. The case was brought in Savannah, Georgia and it is currently pending. The case was brought in Harrisburg, Pennsylvania. William Nicoloff, Jr. was charged with bank fraud and unlawful monetary transactions. Mr. Davis pleaded guilty on May 26, 2022, and is scheduled for sentencing on August 19, 2022. The Government alleged Mr. Hollis knowingly devised and participated in a scheme to defraud the State of Georgia, the Department of Labor, and the United States to obtain money. The case was brought in Alexandria, Virginia. The Government alleged that Mr. Hosey knowingly and willfully conspired to commit fraud against the United States regarding COVDI-19 relief funds.

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