Ppp indictment list – Three individuals were indicted for their roles in fraudulently obtaining approximately $5 million of federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) and for laundering the loan proceeds. gov United States Attorney Jacqueline C. he OEIG has conducted the following investigative activity since beginning its PPP investigation project: As of 9/12/23 PPP investigations initiated: 438 PPP investigations concluded: 204 Jan 22, 2025 · An indictment was unsealed in Central Islip, New York, charging seven individuals with operating a multi-state conspiracy in which they attempted to defraud the United States of more than $600 million by filing more than 8,000 false tax returns claiming COVID-19-related employment tax credits. The scheme, detailed in an indictment unsealed Wednesday, was allegedly run by a 31-year-old businesswoman and two co-conspirators who helped people create fictitious companies and then apply for Apr 6, 2024 · The indictment does not list the location of this property. Oct 12, 2023 · According to the indictment, Morancy applied for and received one PPP loan on behalf of himself as the sole proprietor of Moore Services Investment Group, LLC, based upon materially false information about the borrower’s total gross business income for the year 2019, as well as a falsified IRS tax form submitted with his application. Apr 5, 2023 · The indictment alleges that the defendants and their co-conspirators submitted at least 272 fraudulent EIDL and PPP loan applications containing materially false and fraudulent information and false documents, including false and fictitious tax documents, payroll records, bank records, and identification documents, to procure the disbursement Aug 5, 2020 · A list of PPP fraud cases under the Paycheck Protection Program. Marco Schiavenin, owner of Sterling Flooring in Fairfax, Virginia, pleaded guilty in the Eastern District of Virginia. ALERT: There are 2 PPP loans for a total of $16,390 in our database for businesses with the name "909 Company LLC" in Rancho Cucamonga, CA. This report updates Congress on progress made by the U. Feb 4, 2023 · The federal indictment also alleges that the conspirators would open bank accounts, use assumed business names, and transfer, withdraw, and move the money and use it for their own purposes Aug 6, 2020 · The owner of a Florida talent management company and four others were charged in complaints unsealed yesterday for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Jun 22, 2022 · PHILADELPHIA - United States Attorney Jacqueline C. The businesses were – in fact – non-existent, and Aug 29, 2024 · This fraudulent PPP application generated $100,000 in PPP proceeds. 50 and a wire transfer in the amount of $179,985. However, as PI Mom mentioned, ProPublica created a public list of every business that took out a PPP Jan 12, 2024 · Recently, one of our investigations led to 19 U. Jun 4, 2024 · Raoul’s indictment alleges she received a PPP loan of more than $20,000 in April 2021 from the U. Sep 10, 2020 · The Justice Department has charged 57 people, including "coordinated criminal rings," who tried to steal more than $157 million from the Paycheck Protection Program. Dec 17, 2021 · According to the eight other connected indictments, seven defendants conspired to submit eight false and fraudulent PPP loan applications and received more than ­­­­$10 million in PPP funds. 3 million in loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Settlement Agreement S ummary: Daniel Markus, Inc. Attorney’s Office for the Northern District of Mississippi announced a civil investigation against fraud involving the Paycheck Protection Program (PPP). “PPP loans were finite funds designed to help businesses stay afloat amid unprecedented times and extraordinary challenges. EVERY charged the individuals she recruited to prepare and submit the fraudulent PPP application anywhere from $45. Attorney’s Office, in early July 2024, twenty-four people from the greater Roanoke area were indicted for charges including wire fraud, conspiracy to commit wire fraud, money laundering, making false statements, and fraud Sep 1, 2023 · The indictment was unsealed on August 29, 2023. Jul 10, 2024 · Defendants charged in 142-count indictment. Both are federal stimulus programs authorized as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Feb 13, 2024 · Feb. Weiss, U. Attorney for the Eastern District of Texas, announced that the 23 individuals had been named in a federal indictment returned by a grand jury on Jan. Dec 3, 2024 · The indictment states the couple also helped PPP applicants to do the same and received kickbacks from them. – A former branch manager of a national financial institution was sentenced to 65 months in prison for using his position to organize a conspiracy to help individuals obtain at least 38 fraudulent Paycheck Protection Program (PPP) loans totaling approximately $5 million, U. Paycheck Protection Program (PPP) loans have aided more than 5. Jamel Woods, also known as "Richard Carter. Sellinger announced. The Justice Department claimed that 63 defendants had connections to violent crime and that 25 As far as we know, social media has a right to be skeptical of the warrant list’s validity. Aug 21, 2024 · Under PPP, business owners could apply for loans to offset operational costs for payroll, employee benefits, facility expenses and other bills. Jun 8, 2023 · JACKSON, Miss. Nov 22, 2024 · An indictment was unsealed yesterday in the Northern District of Texas charging two co-founders of Blueacorn, a lender service provider, in connection with a scheme to fraudulently obtain COVID-19 relief money guaranteed by the U. The PPP was overseen by the SBA, which guaranteed loans issued, in the first instance, by commercial lenders. Jul 10, 2024 · The indictment accuses the 24 people of participating in a scheme to obtain PPP loans when none of them actually had an operational business. Jul 10, 2024 · ROANOKE, Va. The indictment alleges that Liticker would also assist in getting the loans forgiven. PPP loans under the CARES Act aided 5 million small businesses, but there is fraud. Are you being targeted? Call 888-680-1745. 1 million from the Paycheck Protection Program (“PPP”). FCA Now Blog Post. To induce the Small Business Administration and banks to approve the fraudulent PPP loans, Shammas and his co-conspirators included false and fraudulent statements in the loan applications, including false representations regarding the number of employees, the average monthly Aug 28, 2024 · In June 2024, Raoul’s office announced charges related to PPP loan fraud against 15 government employees and a former Cook County Sheriff’s Office employee in July. 13 and arraigned in federal court in Brooklyn. McFadden, according to the indictment, created false and fraudulent PPP loan applications by obtaining the personal identifying information (PII) of putative PPP loan applicants. May 18, 2022 · In April 2020, Congress authorized over $300 billion in additional PPP funding. Once the OEIG identified these PPP loans, the OEIG conducted further investigation to determine whether employees received those loans in a fraudulent manner. Bhakta was first indicted in December 2021 for defrauding investors in his companies; a grand jury returned a superseding indictment this week that Apr 1, 2025 · The scheme, detailed in an indictment unsealed Wednesday, was allegedly run by a 31-year-old businesswoman and two co-conspirators who helped people create fictitious companies and then apply for Oct 11, 2023 · A federal grand jury in the Western District of Tennessee returned an indictment yesterday charging ten individuals for their roles in schemes to defraud the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). According to the indictment, Golden-Larimore prepared and filed fraudulent PPP loan applications on behalf of the other co-conspirators. The indictment accuses the individuals of participating in a scheme between June 2020 and May 2021 to obtain business Personal Protection Program (PPP) loans when most of them did not have an Jul 7, 2022 · July 7, 2022 — Six Essex County, New Jersey, residents were arrested today for scheming to fraudulently obtain Paycheck Protection Program (PPP) loans, U. Contact: newsroom@ci. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Nov 23, 2024 · A federal indictment that has just been unsealed lists five criminal counts for wire fraud and conspiracy to commit wire fraud. Loan amounts, which ranged from $18,200 to $145,000, Pandemic-Related Indictments & Convictions. DOJ Press Release. Jan 28, 2021 · Six individuals, who operated as part of a larger group, have been indicted for fraudulently obtaining approximately $1. The 17 charged collectively took just under $500,000 from the Mar 3, 2023 · EVERY falsely certified that the applications and the information provided in the supporting documents were true and accurate when she electronically submitted the fraudulent PPP loan applications. Oct 24, 2024 · Two Riverside County women were arrested today on a 23-count federal grand jury indictment alleging they and two men schemed to defraud a COVID-19 pandemic-relief program out of more than $3 million by helping others fraudulently obtain COVID business loans in exchange for a cut of the illicit proceeds. Jul 7, 2020 · As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. (WJTV) – The U. gov A Florida woman was sentenced today to 44 months in prison for defrauding the Paycheck Protection Program (PPP) of more than $3. S. 6 million in proceeds of the fraudulent PPP loans as well as a 2018 Tesla Model 3 purchased with proceeds of the Cars Direct PPP loan. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. Feb 3, 2023 · Brit Featherston, U. Aug 11, 2023 · SAN DIEGO – Denny Bhakta of San Diego was arraigned in federal court today on additional charges that he fraudulently obtained $4 million in Paycheck Protection Program loans through several entities he managed and controlled. Small Business Administration guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act in connection with their involvement in a COVID-19 fraud ring. Small Business Administration (SBA) for what she claimed was a nursing or residential care business. All defendants, except Corey Shaw, have been arrested and released on conditions. J. $268,300 Second First Draw . Romero, together with other federal law enforcement officials announced today charges against 19 defendants for defrauding federal programs funded by the CARES Act and designed to provide a financial safety net for Americans during the pandemic. Sep 1, 2023 · The indictment was unsealed on August 29, 2023. The PPP allows qualifying small-businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1 percent. Attorneys’ Offices, the Fraud Section has charged over a hundred defendants with fraud connected to the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). xixgyu kkezq qdw yrojmx hsmcuum twhip xmycpkq whzvw bwg oytooc xxikv npf vaovpls otrp ffjyc