Share sensitive information only on official, secure websites. IT Services Company Owner (Massachusetts June 22), 15. Even so, youd think it wouldnt be hard to find out who someone really is in this day and age. More than 15% of PPP loans had at least one indication of potential fraud. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. 18, 2021 at 1:24 PM EDT Moller received close to $600K in stimulus PPP loan. Michael George McQuarn, 51, of Austin, is charged with with fraudulently receiving over $2 million in Small Business Administration loans for two fictitious companies, Vantastic Voyages, LLC and Happy Days Movers, LLC. Wads of cash, casino runs and strip club visits also figured in the mix in the PPP loan fraud spree. Kyle William Brenizer of St. Paul is charged with wire fraud and money laundering. According to the U.S. Search our database that is tracking this information. Goldstein allegedly transferred $355,000 in his personal bank account. Its easy to take risks on day trading and gambling when youre using taxpayer money. The federal Paycheck Protection Program (PPP) is subject to a whole host of rules and restrictions. Diamond Blue Smith, a recording artist, is charged with being part of the nationwide $24 million scam ring mentioned above. Former Police Officer Sentenced For Money Laundering. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ Two Miami neighbors, Latoya Stanley and Johnny Philus, are charged with getting more than $1 million in Economic Injury Disaster Loan and PPP loan amounts. Government money always attracts a small number of fraudsters, grifters, and criminals. 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. He allegedly squandered thousands at strip clubs and nightclubs. This alleged PPP ring paid each other for services never rendered to try to hide the money trail. Married Couple Attempting to Flee (Virginia June 24), 17. The complaint states they received loans of $450,000 and some of the proceeds were allegedly used to purchase a Mercedes E400. 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. Five Charged in Connection With PPP Loans Scheme (Wisconsin/Illinois October 22), 60. The Internet address for the U.S. Attorneys Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga. 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. Bank Fraud (18 U.S.C. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. An official website of the United States government. 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. Richard B. Russell Federal Building A crucial aspect of the PPP is that companies are only allowed to use the funds they receive for specific authorized purposes. Six individuals, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Along with its application requirements, the CARES Act also establishes requirements for how companies use, and account for the use of, PPP loan funds. See the SBA website for updated forgiveness information. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Apparently one tim isnt enough for some people. So far, six people, including the schemes mastermind, Darrell Thomas, have pleaded guilty. He allegedly bought a 2020 Mercedes and a special edition Ford F-250 pickup truck, and wired $537,000 to a property management company in south Florida. A small number of fraudulent cases was inevitable given the amazing speed with which the Paycheck Protection Program came into being. Authorities seized the yacht, car, and various bank and investment accounts. The criminal complaint goes on to say Caraballo also received $55,000 in Economic Injury Disaster Loan (EIDL) relief. Woman Achieves Distinction as 50th Defendant Charged with PPP Fraud (Florida September 3), 46. As part of the court-authorized search, law enforcement seized Quartermans cell phones and discovered a handwritten ledger with the personal and banking information of several individuals. He also allegedly was involved in a scheme claiming to represent the New York State Government in procuring COVID-19 test kits. Amir Aqeel, Siddiq Azeemuddin, Rifat Bajwa, Pardeep Basra, Mayer Misak, Maurico Navia, and Richard Reuth allegedly participated together in filing more than 80 fraudulent Paycheck Protection Program applications for $16 million. A package containing methamphetamine hidden in dog food containers had been mailed to Quartermans home. $1,659,747. However, in conjunction with the submission of an EIDL application, by having clicked on and checked a box within the on-line application, an applicant could request and then receive up to $10,000.00, an EIDL Advance which did not have to be repaid. This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. Its going to raise a red flag. They are applying for a PPP loan because, the uncertainty of current economic conditions makes necessary the loan request to support the ongoing operations of the eligible recipient; and. I want to thank the U.S. Attorneys Office and our law enforcement partners for their dedication and commitment to seeing justice served.. 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. A lock ( After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. 5 Places To Swim In Atlanta A Swimming Activity Of Every Kind, The 5 Best Atlanta Facebook Groups To Follow ASAP, Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, GA. Victor Montgomery, 43, of Washington, D.C. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories: Augusta-area physicians, clinics also able to tap into PPP loans, Database: Click here to search our PPP loan database, Biden extends to Paycheck Protection Program, President Joe Biden has signed a bill extending the Paycheck Protection Program and is "pushing lenders to raise their game," in the wake of the coronavirus pandemic. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. 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. 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. This table shows the top 5 industries in Georgia by number of loans awarded, with average loan amounts and number of jobs reported. Hollywood Film Producer (California May 22), 7. IRS-CI will continue to help illuminate these criminal deeds with our financial expertise., The Treasury Inspector General for Tax Administration aggressively pursues those who endeavor to defraud programs afforded to the American people under the CARES Act, said J. Russell George, the Treasury Inspector General for Tax Administration. While this information may constitute attorney advertising in some jurisdictions, merely reading this information does not create an attorney-client relationship. Authorities allege he bought a company on the Internet in May with no employees, and then forged documents to claim he had paid millions in payroll taxes in 2019. The complaint also states he was convicted of four counts of bank robbery and fraud previously. I appreciate your consideration/guidance/help/time. Main Office: That didnt stop him from allegedly applying for two PPP loans using different company names. Fahad Shah got $1.5 million in funds. Authorities allege he used the money to buy a $1 million home and pay for $30,000 in home improvements. Joseph Cherry II of Virginia was indicted on 10 counts of COVID fraud and faces 10 to 30 years of prison time on each count. 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. Authorities claims Yates used a name generator on the Internet to create names of fake staff. Its intended to offer news and peer perspective on an important issue that affects us as business owners. 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. Ophthalmologist Already Under Indictment (New York June 24), 19. Once Quarterman and her co-conspirator, Katrina Lawson, who is a former deputy sheriff for Fulton County, Georgia and is still a certified peace officer, became familiar with the requirements and applications for the EIDL program and the PPP, they allegedly devised a scheme to submit fraudulent business loan applications on behalf of their friends and family who did not actually own businesses. Lavanture allegedly went on a spending spree and bought a motel and also an 8.54-acre estate with a Tuscan-style mansion on it. 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.. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. WSB-TV Channel 2 - Atlanta facebook feed(Opens a new window), WSB-TV Channel 2 - Atlanta twitter feed(Opens a new window), WSB-TV Channel 2 - Atlanta instagram feed(Opens a new window), WSB-TV Channel 2 - Atlanta youtube feed(Opens a new window), UGA star charged in deadly crash turns himself in, released shortly after, records show, UGA football staffer had blood alcohol level twice the legal limit before crash that killed 2, 2 killed in crash after attempting to pass MARTA bus, South Fulton police say, 16-year-old reported missing found dead at Gwinnett home, police say, Man pulls gun on Kroger employee, steals meat, Clayton County police say, Meghan Thomas, 32, of Alpharetta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in several businesses loans, Jesika Blakely, 34, 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 her involvement in several businesses loans, John Gaines a/k/a Marty Gaines, 56, of Marietta - 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 Gaines Reservation and Travel. The defendants are charged with various counts of conspiracy to commit wire fraud, wire fraud, bank fraud, mail fraud, and money laundering. Authorities allege they falsely claimed to be farmers in the yards of their small homes. Businesses that have to repay the loan get 2 years to repay if funding was issued before June 5. Three-State Ring (Georgia, Ohio and California August 6), 32. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. He is charged with false statements to a financial institution, bank fraud and engaging in unlawful monetary transactions. 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. Terrence Deshun Williams, named one of Floridas high school basketball coaches of the year, was charged with fraudulently obtaining $984,710 in PPP loan money for a consulting company. 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. 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. The overwhelming majority of small businesses have no allegations of Paycheck Protection Program fraud. 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. In April he allegedly obtained a PPP loan of $1.7 million by falsely certifying that GMP Cars had staff for whom it paid salaries and payroll taxes. Most of the funds are going to help the nations 31 million small businesses. The total approved was over $525 billion, demonstrating its success. Defunct Chicago Restaurateur (Illinois August 28), 42. And you wont believe how rotten they are. The pair allegedly received $97,800 and $125,900 respectively. 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. 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. (Shutterstock) ATLANTA Federal fraud charges were filed against. What are the Red Flags for PPP Loan Fraud? Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. Days later he allegedly bought a 2020 Lamborghini Huracan sports car for $318,000. They do not appear to be honest mistakes. Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. Cherry was on supervised release in an unrelated federal case when he applied to the Small Business Administration program. Due to a high volume of calls, we are unable to take on more PPP clients at this time. PPP2 started accepting applications on January 11, 2021. Lee Price 3rd in Houston defrauded SBA of $1.6 million despite a 14 year record of crimes. It is free MONEY no one will repay one single dollar. What are the Red Flags for PPP Loan Fraud? Which goes to show that most of the defendants arent very smart. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Didier Kindambu is facing charges that he falsified payroll documentation to $2.5 million. Gaughan is also charged separately with allegedly embezzling $472,000 from the Catholic Archdiocese of Washington, D.C. where he previously worked. 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. He got $5.6 million and sent hundreds of thousands of dollars to Pakistan accounts, and paid for luxury items. Jae H. Choi, a licensed attorney in New Jersey, was charged with getting $9 million in PPP funds from three different lenders, based on fabricated employees and forged documents. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories:More than 5,000 PPP loans, totaling more than $200m, approved in Clarke County, Database: Click here to search our PPP loan database. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. Seven Charged in Fraud Ring (South Carolina September 10), 47. Millions of dollars of coronavirus relief funds meant to keep employees on the payroll were instead blown on extravagant personal spending sprees all by a relatively small handful of people. To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com. A discovery by the U.S. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. Have we seen the last of Paycheck Protection Program PPP loan fraud prosecutions? If there is evidence of fraud, people can go to jail for a $20,000 PPP loan, just like someone whose PPP loan was $100,000 or $1 million. The EIDL application information, submitted by the applicant, was used by SBA systems to calculate the amount of money the business was eligible to receive in the form of a loan. David T. Hines of Miami is charged with fraudulently seeking $13.5 million in PPP funds using false statements about various companies payroll expenses. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, "knowingly execut [ing], or attempt . 1014). James McFarland, 56, of Atlanta, Georgia. - Federal Lawyer We Will Protect Your Rights, Reputation and Freedom. 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. He allegedly used aliases to obtain $8.5 million in aid using fake tax filings and falsified records of payroll costs. Hayford later pleaded guilty. Trucking Company Owner (Utah July 8), 22. The charges allege the usual. Its a wild tale. Mohan Mukand, who used to work for Microsoft and Amazon according to his LinkedIn profile, is charged with submitting 8 PPP applications on behalf of six companies. Owners of Chain of Nail Salons (New York December 10), 71. Lock Attorneys, including the Fraud Section, have resulted in a variety of charges, including wire fraud (18 U.S.C. Allegations also claim he perpetrated a credit card scam on low-income patients by getting them to pay for medical expenses for services he did not fully render. 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. Our searchable databaseallows users to look up dollar allotments by industry, and lenders. Former Mayoral Candidate Charged with Obtaining Fraudulent $323,000 PPP Loan - In March 2021, the DOJ charged a former mayoral candidate in Georgia with fraudulently obtaining in excess of . SBA partner banks initially approved 11 of the fraudulent PPP loans Lawson submitted and ultimately paid . Share sensitive information only on official, secure websites. Even if only one PPP loan was obtained, attempting to obtain more than one loan can still lead to criminal prosecution. He allegedly laundered funds he received by writing checks for $8,330 each to 23 people. NEWNAN, Ga. - Ten defendants, who operated as part of a larger group, have been indicted for participating in a wide ranging, multi-state scheme to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Surely the government does a personal credit check on the owner unless he falsified his identity. Darrell Thomass sentencing is set for September 15, 2021 before Judge J.P. Boulee. Another key aspect of the PPP is that loans issued under the program are eligible for forgiveness if they are used entirely for authorized purposes. The tool below can be used to search all publicly released PPP recipients in GA. The borrower gets the PPP loan funds into their bank account. So many businesses needed federal emergency assistance to stay afloat during a pandemic, and these defendants allegedly misdirected millions of dollars of that assistance money to their own pockets for luxury items, said Chris Hacker, Special Agent in Charge of FBI Atlanta. 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. They allegedly used the proceeds to make down payments on personal homes. Wells Fargo previously fired him for embezzlement, according to news reports. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Leon Miles was charged with obtaining funds intended for business owners harmed by the coronavirus pandemic. 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. Walmart Project Manager (Oklahoma June 4), 10. Victor Montgomery, 43, of Washington, D.C.. Ex-Felon Charged With PPP Loan Fraud (Rhode Island September 22), 53. With that kind of speed, no program could be perfect. They allegedly filed fake tax documents to support the loan applications. Three people she allegedly claimed as staff told investigators they never heard of her company. This is based on the adage that where there is smoke, there is fire if someone seems concerned about what might be found, there is usually a reason why. 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. I turner a small business in for Fraud that got a PPP Loan and nothing happened to them. Ten people indicted in Metro Atlanta, Houston and D.C.-Maryland area on federal fraud charges for false CARES Act applications. bank fraud, making false statements to an FDIC-insured financial institution, or making false statements to the SBA). Advice. 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. PPP Loan Recipient List By State Georgia 553,322 TOTAL PPP LOANS $24.9B TOTAL LOAN AMOUNT $44,956 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Georgia has a total of 553,322 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. The two allegedly worked together on the scheme (mighty neighborly of them!). For further information please contact the U.S. Attorneys Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. The maximum PPP loan is based on 20.83% of your Schedule C income. Main Office: 95% Success Rate. This means you have to be just as scrupulous when applying for forgiveness as when you applied for the loan initially. 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. NEED I SAY MORE! Providing false statements to gain access to SBAs programs will be aggressively investigated by our office, said Hannibal Ware, Inspector General of the U.S. Small Business Administration, in a statement. Man Charged with Identity Theft (Florida August 10), 34. Katie Quarterman, 28, of Atlanta, Georgia, Nikia Wakefield, 42, of Rockville, Maryland, and. If so, how do I go about it? Casey David Crowther was charged with receiving more than $2 million in PPP funds. A Porsche and Lamborghini (Texas November 17), 68. According to Acting U.S. Attorney Erskine, the first superseding indictment, and other information presented in court: From April 2020 through August 2020, the conspirators in the scheme allegedly submitted, or assisted in the submission of, PPP loan applications on behalf of fourteen businesses, seeking loans of approximately $700,000 - $850,000 for each company: All Star Room & Board Services of Michigan Inc. Still, a June 2020 report by the Government Accountability Office found, there is a significant risk that some fraudulent or inflated applications were approved. Treasury Secretary Steven Mnuchin then announced that the Treasury Department would review loan recipients over $2 million. William Sadleir, the ousted head of Aviron Pictures, was charged with wire and bank fraud in connection with a $1.7 million PPP loan. (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. 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. Nationwide Federal Defense, Compliance and Litigation. 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. Agriculture, Forestry, Fishing and Hunting. Postal Inspection Service (USPIS) and the Drug Enforcement Administration executed a search warrant at the home of Alicia Quarterman in connection with an ongoing narcotics trafficking investigation. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. Postal Inspection Service. Benjamin Hayford is charged with fraud for seeking $4.4 million in PPP financing. 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. 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. 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