$341 Million in PPP Fraud So Far, and Counting - Small Business Trends The Government alleged that Mr. and Mrs. Porch submitted fraudulent loan applications seeking $364,000 in COVID-19 relief funds. On June 28, 2021, after a 9-day jury trial, Richard Ayvazyan, Marietta Terabelian, and Artur Ayvazyan were found guilty. 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. The Government alleged that Mr. Sissoko submitted fraudulent loan applications to obtain over $7.25 million in COVID-19 relief funds, which he then allegedly misappropriated on personal expenses. The Government alleged that Mr. Kindambu submitted fraudulent loan applications and obtained over $2.5 million in COVID-19 relief funds. The case was brought in Boston, Massachusetts. All cases were brought in Atlanta, Georgia. He was sentenced to 135 months in prison on July 19, 2022. Ms. McConnell pleaded guilty to the charges on September 7, 2021. The case was brought in Miami, Florida. The Government alleged that Smith submitted fraudulent loan applications through her business obtaining approximately $426,000. The Government alleges that the defendants engaged in a scheme where they obtained other peoples personal identifying information to apply for COVID-19 relief loans, which they obtained for people in exchange for kickbacks. Does something look fishy to you? Marcus Frazier was charged with major fraud against the United States, making false statements on a loan application, making false statements to the Government, making false statements to the Small Business Administration, money laundering, wire fraud, and bank fraud. Largest PPP Loan Recipients List Nationwide - FederalPay The case was brought in New York, New York. The Government alleged that Mr. Hosey knowingly and willfully conspired to commit fraud against the United States regarding COVDI-19 relief funds. Baoke Zhang was charged with wire fraud. PPP Loan Fraud is Out of Control! Case Investigations & EIDL Fraud Mr. Williams pleaded guilty on October 13, 2020, and his sentencing has not been scheduled. The case was brought in West Palm Beach, Florida. The case was brought in Providence, Rhode Island. Mr. Jalloul pleaded guilty and was sentenced to 120 months in prison on April 21, 2022. The case was brought in Atlanta, Georgia. On August 3, 2021, Mr. Hayes was sentenced to 30 months in prison. Mr. Garcia pleaded guilty to one count of conspiracy to commit wire fraud on July 6, 2021. The Government alleged that Mr. Benlevi submitted 27 fraudulent loan applications seeking $27 million in COVID-19 relief funds. The Government alleged that Ms. Bain submitted fraudulent loan applications for her company Microblading Brow Studio obtaining approximately $17.6 million in COVID-19 relief funds. The Government alleged that Mr. Rivero, a tax preparer, submitted fraudulent loan applications seeking to obtain over 100 loans for $2.3 million in COVID-19 relief funds. The Government alleged that Mr. Bernadin filed fraudulent loan applications seeking approximately over $529,000 in COVID-19 relief funds for his companies La Salette Angel Home Care LLC and Adley Electric LP. She was sentenced to 12 months and 1 day. 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. The Government alleged misappropriated COVID-19 relief funds that his medical clinic received from the Federal Government, based in part on transfers from his clinics account to his personal account. Ms. Jackson pleaded guilty to both counts. On June 21, 2021, Arman Hayrapetyan pleaded guilty to one count of money laundering conspiracy. Mr. Hamilton pleaded guilty to one count of bank fraud. Amina Abbas was charged with theft of public money, property, or records. The case was brought in Dublin, Georgia. The case was brought in Ft. Lauderdale, Florida. The case was brought in Atlanta, Georgia. The Government alleged that Mr. VanScoyk and Mr. Fiedler conspired to submit fraudulent loan applications seeking almost $3 million in COVID-19 relief funds, of which they received around $1.2 million. On September 20, 2021, Mr. Price pleaded guilty to two counts of wire fraud and three counts of money laundering. There are, of course, many other CARES Act fraud investigations currently pending that may later result in criminal charges. 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. Elijah Buoi was charged with wire fraud and making false statements to a bank. All defendants have pled guilty. Our firm helps people who are being charged or investigated for alleged fraud in applying for or taking out PPP and EIDL loansfunded by the CARES Act. The case was brought in Los Angeles, California. Malik Mitchum and Jenna Mitchum were charged with one count of conspiracy to commit wire fraud. Mr. Mr. Malanga pleaded guilty on June 28, 2022, and is scheduled to be sentenced on November 2, 2022. Jorge Abramovs was charged with bank fraud, false statement to a financial institution, and monetary transactions in criminally derived property. Nicholas Jones was charged with wire fraud and falsification of records. Mr. Hines pleaded guilty to wire fraud. On February 1, 2022, Mr. Redding was sentenced to a total of 7 years in prison. Oludamilare Olugbuyi was charged with making false statements to a bank. Fahad Shah was charged with wire fraud, making false statements to a bank, and money laundering. Our firm helps people who are being charged or investigated for alleged fraud in applying for or taking out PPP and EIDL loans funded by the CARES Act. 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. The case was brought in Atlanta, Georgia. A separate investigation by the nonpartisan Project on Mr. Welch pled guilty and was sentenced to 5 years of probation on June 15, 2021. The case was brought in Fort Myers, Florida. Blood has pleaded not guilty, and his trial is set for August 16, 2022. Austin Hsu was charged with one count of wire fraud. Anthony Boncimino was charged with four counts of bank fraud, four counts of money laundering, and six counts of making false statements. Updated List of PPP and EIDL Loan Fraud Criminal Cases On October 25, 2021, he was sentenced to 72 months in prison. The case was brought in Brooklyn, New York. Mr. Kralievits pleaded guilty and was sentenced to 19 months in prison on June 30, 2021. The case was brought in Philadelphia, Pennsylvania and it is currently pending. Jamie Johnson was charged with conspiracy to commit mail fraud and aggravated identity theft. The case was brought in Miami, Florida. 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. The Government alleged that Mr. Lebnitz Tran was charged with six counts of wire fraud and three counts of bank fraud. The case was brought in Texarkana, Texas. The case was brought in Brooklyn, New York. On June 10, 2021, Mr. Aaron Ashcraft was charged with several counts of wire fraud and bank fraud. Mr. Augustin pleaded guilty to one count of conspiracy to commit wire fraud on December 27, 2021. Charmaine Redding was also charged separately and pleaded guilty to one count of conspiracy to commit fraud. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) . Tracy Kirkland was charged with wire fraud. The other defendants are scheduled for trial on September 20, 2022. 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. The case was brought in Detroit, Michigan. Data last refreshed on 1/31/2022. PPP Loan Fraud Investigations Can Have Various . SBA Office of Inspector General (SBA-OIG) The SBA Office of Inspector General (SBA-OIG) is the integrity and accountability arm of the SBA. He was sentenced to 63 months in prison. "The two operating components of the [SBA-OIG] are the Auditing Division and the Investigations Division. On July 18, 2021, he was sentenced to over 11 years in prison. On November 2, 2021, Charles Petty pleaded guilty to conspiracy to commit wire fraud, and his sentencing is scheduled for February 23, 2022. Peter Peacock Blood was charged with two counts of making false statements on a loan application. The defendants have pleaded not guilty, and the case is pending. The Government alleged that Chung submitted fraudulent loan applications in the name of Jang & Kim, Inc., Jones Loop Marathon, Inc., SJB Auto Parts Wholesale, Inc., Smile Cool tools HVAC, Inc, Berkeley import, LLC, H Caf, Inc., One Dream, Inc. KO Wholesale, Inc., Shannon Chao, Inc., Alpha Construction & Management, Inc., JKK Artworkible, Inc., North Atlanta Construction & Enterprise, Inc., Jiwoos Beauty lounge, MJ Boom entertainment, AJM Remodeling, Inc., and HJJ Investment, Inc. to obtain COVID-19 relief funds. Rosado pleaded guilty and was sentenced to 37 months on December 3, 2021. The Government alleged that Ms. Abbas submitted fraudulent loan applications and obtained over $37,000 in COVID-19 relief funds to care for individuals with cases of COVID-19. Tonye Johnson was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. This case was brought in Milwaukee, Wisconsin. This case was brought in Atlanta, Georgia. 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. To date, all defendants except for Mr. Crosby have pleaded guilty to at least one of the counts of the indictment. Banks will likely be targeted in the coming months for their roles with the Paycheck Protection Program and other lending during the pandemic. Tristan Pan was charged with wire fraud, bank fraud, and money laundering. Sean Schoepflin and Erika Leon were charged with wire fraud and transactional money laundering. To help our clients understand the scope of these PPP and EIDL loan fraud investigations, and to make sure they are being treated fairly in the process, we keep close track of federal criminal cases involving CARES Act programs. Disclaimer|Sitemap. Tracking PPP: Search Every Company Approved for Federal Loans - ProPublica Ms. Misseldine has not been indicted at this time and the case is currently pending. On May 6, 2022, Mr. Augustin was sentenced to 78 months in prison. He was sentenced to 57 months in prison on February 2, 2022. The Government alleged that Mr. Bearden submitted fraudulent loan applications seeking about $60,000 in COVID-19 relief funds. Matthew Welch was charged with wire fraud. The Government also alleged that Ms. Miller submitted fraudulent requests for unemployment benefits. Adley Bernadin was charged with wire fraud. The case was brought in Alexandria, Virginia. The Government alleged that Mr. Sah submitted several fraudulent loan applications seeking approximately $24.8 million in COVID-19 relief funds. The case was brought in Miami, Florida. Dr. Joseph has pleaded not guilty. Benjamin Hayford was charged with bank fraud and four counts of making false statements to a financial institution. The Government alleged that Mr. Johnson through his company Million Man LLC submitted fraudulent loan application to obtain over $2.6 million in COVID-19 relief funds. Francis Joseph was charged with theft in connection with healthcare, theft of government funds, wire fraud, and making a false statement in connection with a bankruptcy proceeding. The case was brought in Detroit, Michigan. PPP data The woman pleaded guilty to wire fraud and making false statements in response to a grand jury's indictment last year. The Government alleged that Cartlidge, Redfern, and McMiller were recruited to submit fraudulent loan applications seeking over $2.7 million in COVID-19 relief funds. Mr. Charno and Ms. Williams both pleaded guilty on January 13, 2022. The Government alleged that Mr. Rai submitted fraudulent loan applications seeking over $10 million in COVID-19 relief funds. The case was brought in Los Angeles, California. The Government alleged that Mr. Tezna submitted fraudulent loan applications and obtained $350,000 in COVID-19 relief funds. PDF Data as of December 26, 11:59 PM ET Summary - Small Business Administration Moon was sentenced to 24 months in prison. The U.S. Small Business Administration's watchdog has been asked to investigate Potomac Radio, owner of WCRW, after receiving more than $100,000 through the Paycheck Protection Program (PPP). Please let us know if there is any other case we need to watch. Ms. Walker has pleaded guilty. Eldabbagh pleaded guilty and is scheduled for sentencing on August 25, 2022. Mr. Hsu pleaded guilty to one count of wire fraud. Fraud lessons from 3 rounds of paycheck protection program Tiara Walker was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. This will take the form of government and whistleblower investigations, including False Claims Act claims related to loans that went to companies (and fraudsters) that should not have received these . The case was brought in Miami, Florida. Nikia. The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $400,000 in COVID-19 relief funds. On May 19, 2021, Mr. Shah pleaded guilty to one count of wire fraud. He was sentenced to 80 months in prison on March 3, 2022. On September 3, 2021, he pleaded guilty. Updated Jan. 11, 2023, Search Every Company Approved for Federal Loans. The case was brought in Chicago, Illinois. Jacob Carter, Quadri Salahuddin, Anwar Salahuddin, and Christal Ransom were charged with conspiracy, wire fraud, and aggravated identity theft. The Government alleged that Ms. Kasali submitted fraudulent loan applications and obtained more than $1.9 million in COVID-19 relief funds. On October 13, 2021, he was sentenced to 18 months in prison. Former Police Officer Sentenced For Money Laundering. Edwards and Richardson pleaded not guilty on June 22, 2022, and their trial date is scheduled for November 14, 2022. The case was brought in Foley Square, New York and is pending. David Hines was charged with wire fraud, making false statements to a lending institution, bank fraud, and money laundering. Mr. Sissoko was convicted of four counts of wire fraud on April 15, 2022. PPP loan investigation. The case was brought in Brunswick, Georgia. The case was brought in Albany, Georgia. The Government alleged that Mr. Please cite ProPublica by linking to this page. The Government discovered evidence of the scheme while serving a warrant on Ms. Quarterman as part of a meth-trafficking investigation. The case was brought in Newport News, Virginia. This case was brought in Boston, Massachusetts. Denesseria Slaton was charged separately and has pleaded guilty to one count of conspiracy to commit fraud. The case was brought in Baton Rouge, Louisiana. Ms. Porch pleaded guilty on November 30, 2021, and Mr. Porch pleaded guilty on January 4, 2022. Mr. Johnson pleaded guilty. Mr. Cotton pleaded guilty to one count of conspiracy to commit mail fraud on March 4, 2022, and his sentencing is scheduled for September 2, 2022. Robert Hamilton was charged with bank fraud and money laundering. These loans have been flagged by other users as potentially being fraudulent. According to analysis by Bloomberg, while FinTechs processed just 15 percent of PPP loans overall, they are associated with 75 percent of the approved PPP loans that the Department of Justice 3(DOJ) connected with fraud. Recent reports have found that FinTechs and their bank partners handled 75 percent of the approved PPP loans that have been connected to fraud by DOJ, despite facilitating just 15 percent of PPP loans overall. The Government alleged that Mr. George and his co-defendants submitted fraudulent loan applications seeking over $4.1 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. The Government alleged that the couple conspired to submit fraudulent loan applications seeking over $5.1 million in COVID-19 relief funds. The case was brought in Monroe, Louisiana. On August 30, 2021, Mr. Clark was sentenced to 33 months in prison. The Government alleged that the defendants submitted falsified loan applications obtaining approximately $396,875.00 in COVI-19 relief funds. He was also sentenced on charges of drug trafficking and money laundering in a separate case that same day. Deon Petty was charged with one count to defraud the United States. Tiyari Collins and Farah Collins were each charged by separate information with one count of conspiracy to defraud the United States, and Mr. Tiyari was also charged with one count of fraud and false statements based on his filing of fraudulent tax returns. Raymond Magana was charged with fraud in connection with major disaster benefits. All rights reserved. Mr. Tezna pleaded guilty to one count of bank fraud. Izzat and Tarik were found guilty at trial on March 17, 2022. Don Cisternino was extradited from Croatia to face wire fraud, identity fraud, and illegal monetary transaction charges. The case was brought in Alexandria, Virginia. Both defendants pleaded guilty on June 24, 2022. The Government alleged that Lawal and Raji submitted fraudulent loan applications seeking over $900,000 in COVID-19 relief funds. Mr. Ashcraft pleaded guilty on May 9, 2022, to one count of wire fraud and one count of bank fraud and is scheduled to be sentenced on October 17, 2022. The Government alleged that Mr. Ridge submitted fraudulent loan applications seeking almost $500,000 in COVID-19 relief loans, of which he obtained $160,000. Search for PPP loan applications by organization, lender, zip code and business type. 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. 1d ago. The Government alleged that the defendants participated in a conspiracy with others that involved submitting fraudulent loan applications seeking a total of $24 million in COVID-19 relief funds. Curtis and Dereen Porch were charged with three counts of wire fraud and one count of theft of government property. Jones pleaded guilty on June 1, 2022 and is scheduled to be sentenced on September 27, 2022. The case was brought in Houston, Texas. The Government alleged that Mr. Hines submitted fraudulent loan applications and obtained approximately $3.4 million in COVID-19 relief funds. 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. The Government alleged that Ms. Swope and Ms. Pearson submitted fraudulent loan applications seeking over $5 million in COVID-19 relief funds. The case was brought in Houston, Texas. Mr. Charno was sentenced to 24 months in prison on May 23, 202. On November 2, 2021, she was sentenced to 78 months in prison. On July 29, 2021, Mr. Johnson was sentenced to 18 months in prison. The Government also alleged that Mr. Carter spent more than $21,000 of the loan funds at a car company for repairs and detailing. The case was brought in Columbus, Georgia. The case was brought in Miami, Florida. On February 14, 2022, Mr. Cartlidge was sentenced to 72 months in prison, Mr. Redfern was sentenced to 60 months in prison, and Mr. McMiller was sentenced to 66 months in prison. She was sentenced to time served, approximately 3 months in prison. The Government alleged that Ms. Denton submitted fraudulent loan applications for $491,310 in COVID-19 relief funds. Both Christopher and Erin Mazzei pleaded not guilty and are scheduled for trial on August 9, 2022. What are the Red Flags for PPP Loan Fraud? - Federal Lawyer Ms. Duhart pled guilty and was sentenced to 3 years in prison on February 22, 2022. Mr. On August 4, 2021, Mr. Ridge pleaded guilty to one count of bank fraud. The Government alleged that Mr. Davis submitted fraudulent loan applications for business entities Skilled Trade Investments, LP, Skilled Trade Staffing, LLC and Skilled Trade Investments GP, LLC obtaining approximately $3,346,813.00 in COVID-19 relief funds. We have gathered and summarized all cases that we are aware of that have been filed anywhere the United States. Mr. Redding pleaded guilty on January 21, 2022. Latoya Stanley and her partner, Johnny Philus were both charged with conspiracy to commit wire fraud. Ms. Jaworska pleaded guilty to one count of conspiracy to commit bank fraud. The Government alleged that Rabbitt filed fraudulent loan applications seeking over $3.3 million in COVID-19 relief funds. He was sentenced to 4 years in prison on July 18, 2022. Rowlando Hatter, Jr. and Clyde Anthony Parker, Jr, were charged with conspiracy to commit mail and wire fraud, mail fraud and aggravated identity theft. We have helped our clients avoid criminal charges, negotiate fair resolutions, and fight back in court against exaggerated allegations of fraud. The Government also alleged that Jalloul would charge the clients a 2-20% commission on the loans they received. The case was brought in Atlanta, Georgia. WTSD (AM) - Wikipedia Chandra Norton was charged with one count of conspiracy to commit fraud. The Government alleged that Mr. Tran submitted fraudulent loan applications seeking $8 million in COVID-19 relief funds. The case was brought in Boston, Massachusetts. Mr. Belone is pleaded guilty on May 25, 2022, and is scheduled for sentencing on October 4, 2022. Jonathan Olivetti was charged with one count of wire fraud. Mr. Mohan pleaded guilty to wire fraud and money laundering. The Government alleged that the father-son duo submitted fraudulent loan applications seeking over $550,000 in COVID-19 relief funds. The Government alleged Mr. Stewart submitted fraudulent loan application through The Infinity Group of SC, LLC to obtain approximately $300,000.00 in COVID-19 relief funds. Se Habla Espaol, 101 Marietta Street NWSuite 3300Atlanta, GA 30303(404) 223-3310, 2022 by The Church Law Firm LLC. Monika Jaworska was charged with conspiracy to commit bank fraud and conspiracy to commit wire fraud. The Government alleged that the Kwaks submitted fraudulent loan applications on behalf of several shell companies to obtain over $4 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Rahul Shah was charged with bank fraud, making false statements on a loan application, and identity fraud. Kenneth Gaughan was charged with bank fraud, theft of government funds, identity fraud, wire fraud, and money laundering. 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. Jonathan Markovich was charged with conspiracy to commit health care fraud and wire fraud, money laundering, and several other related charges. Dinesh Sah was charged with several counts of wire fraud, bank fraud, and money laundering. The case was brought in Atlanta, Georgia. William Sadleir was charged in two caseshe was charged with wire fraud, making false statements to a bank, bank fraud, and money laundering in the Central District of California on July 17, 2020. Most of the court clerk's employees who are under investigation had gotten PPP loans of about $20,000 by saying they had made at least $100,000 from an outside business in the year before they filed their applications, Murphy-Aguil said. He was sentenced to 41 months in prison on January 14, 2021. The Government alleged that Doss submitted fraudulent loan applications seeking over $220,000 in COVID-19 relief funds. The case was brought in Philadelphia, Pennsylvania. You can search and filter the list, but only flagged loans will be shown. Stephen Smith was charged with two counts each of bank fraud and money laundering. reports related to PPP loans with the Financial Crimes Enforcement Network. The case was brought in Las Vegas, Nevada. Mr. Gautreaux pleaded guilty to one count of making false statements to a financial institution. No guarantees are made as to the accuracy of the data. The Government alleged that Mr. Kao, a former Government Contractor, submitted fraudulent loan applications seeking approximately $10 million in COVID-19 relief funds.
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