Ppp loan fraud list - A list of PPP fraud cases under the Paycheck Protection Program. PPP loans under the CARES Act aided 5 million small businesses, but there is fraud. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis.

 
A Southern California resident accused of fraud related to $1.7 million in COVID-19 relief funds passed out in the courtroom. A Southern California resident accused of fraud relate.... Hwy i 80 road conditions

Kabbage, a bankrupt fintech lender, settles PPP fraud case with DOJ The small business lender's bankrupt shell has agreed to pay up to $120 million in …PPP fraud has been a problem nationwide. The inspector general for the Small Business Administration estimated that the agency paid out more than $200 billion in “potentially fraudulent” aid during the pandemic. Gov. J.B. Pritzker is talking publicly about an ongoing probe into Paycheck Protection Program (PPP) fraud by Illinois state workers.Jul 29, 2022 · PPP provided small businesses with funds to pay up to eight weeks of payroll costs and related expenses. Powell applied for a PPP loan on February 22, 2021. Powell claimed he had operated a barber shop since June 2018 and had one employee with an annual payroll expense of $96,000. He was approved for a $20,000 PPP loan. The COVID-19 Fraud Strike Force Team, created by the U.S. Attorney’s Office to investigate fraud, is based out of Miami. Christensen said high-ranking BSO employees may be involved.The SBA states that the PPP program is designed to help small businesses keep workers on payroll. In Mississippi, nearly all — 96% — of loans were directed towards payrolls. On average, businesses in the state received about $7,000 per employee. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan ...Sep 1, 2020 · Congressional investigators identified multiple areas of potential waste and fraud in the program, often referred to as PPP, which was part of the $2 trillion CARES Act. The program offered ... PPP loan fraud investigations are on the rise across the country. 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 Justice Department has made at least 41 criminal complaints in federal court against nearly 60 people, who collectively took $62 million from the Paycheck Protection Program by using what law ...Mar 28, 2022 ... ... PPP loans when the money ran out, even though demand continued. The fraud didn't harm just the taxpayers — it hurt people who needed the money.The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) program and Unemployment Insurance (UI) programs.Under open government transparency guidelines, information on recipients of the $793B in forgivable government loans issued through the 2020 Paycheck Protection Program by the US Small Business Administration (SBA) are a matter of public record. FederalPay.org has created a powerful search tool that allows public access to the PPP loan database.Date: October 24, 2023. Contact: [email protected]. Kansas City, MO — Six defendants have been indicted for their roles in a conspiracy that resulted in more than $240,000 in … PPP Loan Recipient List By State —. Mississippi. 138,393 TOTAL PPP LOANS. $5.4B TOTAL LOAN AMOUNT. $39,229 AVERAGE PPP LOAN. 5 AVG COMPANY SIZE. Mississippi has a total of 138,393 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in Mississippi by ... Nov 14, 2023 ... “Covid-19 Pandemic EIDL and PPP Loan Fraud Landscape. ... exhaustively list. Among the notable cases ... Lenders likely pursued active collections ... PPP Loan Recipient List By State —. Mississippi. 138,393 TOTAL PPP LOANS. $5.4B TOTAL LOAN AMOUNT. $39,229 AVERAGE PPP LOAN. 5 AVG COMPANY SIZE. Mississippi has a total of 138,393 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in Mississippi by ... Track the False Claims Act cases involving Paycheck Protection Program fraud since 2021. See the case details, settlement amounts, and related documents for …The Justice Department has charged more than 120 defendants with fraud related to PPP loans. Some cases are substantial. For example, in March, a Texas man pleaded guilty to a scheme applying for ...DOJ Finds Evidence of PPP Loan Fraud. Thu, 05/21/2020. Amid rising criticism over the loan effort, the Department of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program. Read more. The Inspector General may be reached at: Hotline: Office: Fax:Loans to Ineligible Recipients. Treasury’s DNP analysis found: • Of the $525 billion in total approved PPP loans, 57,473, or 1.1 percent, matched a DNP data source record, indicating loan ineligibility. The 57,473 matched loans totaled approximately $3.6 billion; $280 million was undisbursed as of August 8, 2020.Apr 8, 2021 ... Are you considering applying for the PPP Loan? Be careful people. *ppp loan fraud arrests. The PPP Loan Fraud List - PPP Fraud | Who got a ...August 9, 2023 — A Central Florida resident has been sentenced in federal district court for wire fraud as part of a scheme to defraud the Paycheck Protection Program (PPP) out of loan proceeds. These loans are guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act. Kerryanne Purkiss was …The COVID-19 Fraud Strike Force Team, created by the U.S. Attorney’s Office to investigate fraud, is based out of Miami. Christensen said high-ranking BSO employees may be involved.A new academic working paper released on Tuesday contains an estimate: Around 1.8 million of the program’s 11.8 million loans — more than 15 percent — totaling $76 billion had at least one ...Since May 2020, when the government approved COVID-19 economic relief programs for small businesses, the Payment Protection Program (“PPP”) and the Economic ... Area: Hinds County: Number of Loans Approved: 12,819: Sum of Initial Approval Amount: 570,040,366: Sum of Current Approval Amount: 567,318,920: Sum of Undisburse Amount We also note that SBA made approximately 11.4 million PPP loans, which by statute are 7(a) loans. The 70,000 PPP loans identified by OIG as potentially fraudulent, combined with the 54,000 PPP inquiries to the OIG Hotline, equates to approximately one percent of the PPP loans made by SBA.PPP loans and fraud – the red flags that could have been spotted. Approximately $800 billion went out in the CARES Act’s Paycheck Protection Program (PPP), providing nearly 12 million loans between April 2020 and May 2021 to U.S. businesses. These loans are all potentially fully “forgivable,” so calling them loans is not …PPP Loan Recipient List By State —. South Carolina. 150,217 TOTAL PPP LOANS. $8.7B TOTAL LOAN AMOUNT. $57,758 AVERAGE PPP LOAN. 7 AVG COMPANY SIZE. South Carolina has a total of 150,217 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in South ...Meanwhile, the SBA is closely scrutinizing just a tiny portion of the millions of PPP loans for fraud and forgiveness eligibility. The SBA uses computer models to review all 11.4 million loans ...Our mission to understand communities’ experiences with pandemic funding and programs brought us to Springfield, MA, where we gathered valuable lessons learned to improve federal emergency response programs. Read the report to learn how this city used pandemic relief funding to respond to and mitigate the effects of COVID-19.The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Use our searchable database to see who in ...PPP Loan Recipient List By State —. Mississippi. 138,393 TOTAL PPP LOANS. $5.4B TOTAL LOAN AMOUNT. $39,229 AVERAGE PPP LOAN. 5 AVG COMPANY SIZE. Mississippi has a total of 138,393 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 …The Fraud Section leads the department’s prosecution of fraud schemes that exploit the PPP. In the months since the PPP began, Fraud Section attorneys have prosecuted more than 100 defendants in more than 70 criminal cases. The Fraud Section has also seized more than $65 million in cash proceeds derived from fraudulently …We represent individuals and companies throughout Texas. To arrange a confidential initial consultation with an experienced federal tax lawyer at Brown Tax, P.C., please call 888-870-0025 or request an appointment online today. IRS CI is among several federal agencies continuing to target PPP loan fraud in 2023.January 19, 2023 — The owner of two corporations in Solon and Highland Heights, Ohio, was sentenced on Friday, January 13, 2023, to 15 months in prison and ordered to pay $195,900.34 in restitution to the Small Business Administration (SBA) by U.S. District Judge Pamela A. Barker after he pleaded guilty to his role in a conspiracy to unlawfully obtain Paycheck Protection Program ("PPP") loans.PPP Loan Recipient List By State —. North Carolina. 258,991 TOTAL PPP LOANS. $17.7B TOTAL LOAN AMOUNT. $68,195 AVERAGE PPP LOAN. 9 AVG COMPANY SIZE. North Carolina has a total of 258,991 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top …Golden-Larimore created counterfeit IRS forms for nonexistent businesses, the indictment says, and inflated income for existing businesses in order to qualify the borrower for a PPP loan. Each of the defendants received a PPP loan of either $20,832 or $20,833. In addition to the conspiracy, Golden-Larimore is charged with 12 counts of wire fraud.He says this PPP scam would likely seek money and information from its victims. “In most cases, these bad actors are looking to scam victims out of money by claiming purported fees on the loan ...Economic Injury Disaster Loans (EIDL) fraud. EIDL loans weren't quite as popular as PPP loans—just under four million loans totaling more than $378 billion were doled out during the pandemic. An ...As part of the fraud scheme, Pierre obtained a PPP loan for his company, Most Wanted Bullyz LLC (MWB), a dog breeding business, in which he falsely represented that MWB had 21 employees and an average monthly payroll of $165,870. In reality, MWB had no employees and no monthly employee payroll. Pierre gave a large portion of the …A federal grand jury in Houston returned a superseding indictment, which was unsealed today, charging four additional individuals for fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In total, 15 individuals ...It was Geronimo’s PPP loan on the liquor store that tipped law enforcement off and led to the broader investigation into Dorlus’ fraudulent PPP loan scheme and recruitment structure. In addition to prison time, Dorlus will have two years of supervised release and must pay $5.6 million in restitution.The SBA states that the PPP program is designed to help small businesses keep workers on payroll. In Mississippi, nearly all — 96% — of loans were directed towards payrolls. On average, businesses in the state received about $7,000 per employee. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan ...Two other individuals pleaded guilty to fraudulently obtaining PPP and EIDL loans. Eric Rivera, 43, of Norcross, Georgia, is charged by complaint with one count of conspiracy to commit bank fraud, one count of conspiracy to commit wire fraud, and one count of conspiracy to commit money laundering.Over the last year, IRS-CI has been combatting COVID-19 fraud related to the Economic Impact Payments, Paycheck Protection Program (PPP) and Employee Retention Credit. The agency has investigated more than 350 tax and money laundering cases nationwide totaling $440 million.The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. Since the inception of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as …Many websites provide lists of names that scam artists use, including Art Quest, Consumer Fraud Reporting and Dating n More. Scam artists use these names for romance scams, Nigeria...PPP loans and fraud – the red flags that could have been spotted. Approximately $800 billion went out in the CARES Act’s Paycheck Protection Program (PPP), providing nearly 12 million loans between April 2020 and May 2021 to U.S. businesses. These loans are all potentially fully “forgivable,” so calling them loans is not …The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Use our searchable database to see who in ...According to court documents, the following people were charged with conspiracy to commit wire fraud and wire fraud by fraudulently applying for PPP loans along with participating in wire ...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. EVERY charged the individuals she recruited to prepare and submit the fraudulent PPP application anywhere from $45.00 to $120.00 .A criminal information was docketed today charging four Michigan residents in connection with a wire fraud scheme involving over $4.1 million in Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.May 19, 2022 — Darrell Thomas has been sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud and to money laundering for masterminding a scheme to obtain 14 fraudulent loans totaling approximately $11.1 million from the Paycheck Protection Program (“PPP”). To date, a total of twenty-three individuals have been charged in …The scheme allegedly caused more than $240,000 in fraudulent PPP loans to be issued to ineligible borrowers, some of which were forgiven even though the funds were not used for the purposes specified in the PPP. According to the indictment, Golden-Larimore prepared and filed fraudulent PPP loan applications on behalf of the other co …Mar 28, 2022 · And you go and apply for a PPP loan. It was a piece of cake.” ... Across the country, only 178 people have been convicted so far in PPP fraud cases, according to the Justice Department. Many ... In one case out of Texas, Dinesh Sah applied for 15 PPP loans using 11 different companies and received more than $17 million in loans. Sah, who has pleaded guilty, used the money to buy homes ...IR-2022-162, September 21, 2022. WASHINGTON — The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan) PDF.. The guidance confirms that, when a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to …U.S. Small Business Administration 409 3rd Street, SW Washington, DC 20416. Dear Inspector General Ware: I write in response to the Office of lnspector General's ("OIG") November 30, 2020 Management Alert on Paycheck Protection Program (PPP) loan recipients on the Department of Treasury's Do Not Pay list.22 people charged in connection to Atlanta-based $11M federal PPP loan fraud scheme. By WSBTV.com News Staff July 23, 2021 at 3:15 am EDT. ... the U.S. seized nearly $4 million in PPP loan ...All PPP lenders have an obligation to mitigate fraud, waste, and abuse in SBA programs. If a lender receives a complaint about suspected SBA identity theft, they must send the loan file to SBA, collect and submit required documents, conduct a review, and make a determination. 1. Send the loan file to SBAChicago Housing Authority Inspector General Kathryn Richards, whose staff has used the public list of PPP recipients to check for fraud among thousands of Chicagoans in subsidized housing.May 5, 2024 · Ray Yuen. Former Supervisory Special Agent (FBI) Here are 10 red flags for PPP loan fraud: 1. No Documentation to Substantiate Representations in the Company’s PPP Loan Application. Companies are required to make a number of affirmative representations during the PPP loan application process. The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. Since the inception of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real ...KC federal grand jury indicts 11 people, alleging more than $220,000 PPP loan fraud conspiracy. expand. A federal grand jury in Kansas City indicts 11 people, charging them with a conspiracy to ... The group of eight submitted at least 150 fraudulent loan applications and obtained over $18 million in PPP and COVID-19 EIDL funds. The group used taxpayer funds to buy luxury homes, gold coins, diamonds, jewelry, luxury watches, fine imported furnishings, designer handbags, clothing, and a luxury motorcycle. Date: October 24, 2023. Contact: [email protected]. Kansas City, MO — Six defendants have been indicted for their roles in a conspiracy that resulted in more than $240,000 in …A congressional report says financial technology companies fueled rampant PPP fraud. A congressional report found financial technology companies, or fintechs, largely fueled PPP loan fraud ...An Overview of the PPP Loan Fraud Situation. In fairness, 2020 and 2021 were chaotic times and the PPP loan rules were confusing. Some businesses were desperate enough to bend a few rules because they were afraid the pandemic would destroy their companies. Also, there were opportunists, like the SBA employee accused …DOJ Finds Evidence of PPP Loan Fraud. Thu, 05/21/2020. Amid rising criticism over the loan effort, the Department of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program. Read more. The Inspector General may be reached at: Hotline: Office: Fax:The fraud estimate for the EIDL program is more than $136 billion, while the PPP fraud estimate is $64 billion. In earlier estimates, the SBA inspector general said about $86 billion in fraudulent ...In her quarterly report released this past spring, Richards determined there was “a significant indicator” of such potential fraud, finding CHA participants had received $135 million in PPP loans.Mar 25, 2021 · The Paycheck Protection Program allows qualifying small businesses and certain other organizations to receive loans with a maturity of two to five years and an interest rate of 1%. Businesses must use PPP loan proceeds for payroll costs, interest on mortgages, rent and utilities. Sep 16, 2020 · Charged: PPP scammers. 09/16/2020. The Department of Justice (DOJ) recently announced that more than fifty people have been criminally charged with fraudulently obtaining loans from the Paycheck Protection Program (PPP). The PPP was created by the CARES Act to provide Small Business Administration (SBA) loans to businesses and other ... According to court documents and evidence presented at trial, between April and August 2020, Foster and co-conspirators submitted, or assisted in the submission of, PPP loan applications on behalf of 14 businesses seeking loans of approximately $800,000 for each company.PPP Loan Recipient List By State —. Alabama. 169,558 TOTAL PPP LOANS. $9.4B TOTAL LOAN AMOUNT. $55,525 AVERAGE PPP LOAN. 7 AVG COMPANY SIZE. Alabama has a total of 169,558 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 …A federal grand jury in Houston returned a superseding indictment, which was unsealed today, charging four additional individuals for fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In total, 15 individuals ... Analysis of PPP and COVID-19 EIDL Charges Illustrates Fraud Schemes and Their Actual and Potential Impacts 21 Our Analysis Reveals Millions of PPP and COVID-19 EIDL Recipients with Fraud Indicators, and Certain Lenders Originated Higher Rates of Fraudulent PPP Loans 44 Enhanced Data Analytics Can Help SBA Identify Potentially Since May 2020, when the government approved COVID-19 economic relief programs for small businesses, the Payment Protection Program (“PPP”) and the Economic ...PPP Loan Recipient List By State —. South Carolina. 150,217 TOTAL PPP LOANS. $8.7B TOTAL LOAN AMOUNT. $57,758 AVERAGE PPP LOAN. 7 AVG COMPANY SIZE. South Carolina has a total of 150,217 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top …Bank Fraud (18 U.S.C. § 1344) – Along with 18 U.S.C. § 1014, individuals and companies that submitted fraudulent PPP loan applications or commit bank fraud can also face charges under 18 U.S.C. § 1344. This federal statute imposes penalties of up to a $1 million fine and 30 years of federal imprisonment for, “knowingly execut [ing], or ...The Fraud Section leads the department’s prosecution of fraud schemes that exploit the PPP. In the months since the PPP began, Fraud Section attorneys have prosecuted more than 100 defendants in more than 70 criminal cases. The Fraud Section has also seized more than $65 million in cash proceeds derived from fraudulently …Preventing fraud and identity theft · Investment capital · Disaster assistance · Surety bonds · Grants. PPP loan forgiveness. Borrowers may be eligible ...The Paycheck Protection Program (PPP) loans came to save the day for many business owners struggling financially due to the COVID-19 pandemic. However, despite the evident financia...Jun 22, 2022 · Collectively these defendants sought to defraud the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) program and the Pandemic Unemployment Assistance (PUA) program of over $24 million. However, $659 billion is a very big pie. Inevitably, there may be illegal efforts to sneak extra slices. Federal prosecutors are now bringing the first cases of alleged fraud used to obtain PPP loans.

ALEXANDRIA, Va. – Latifa Brooks, a resident of McLean, has agreed to pay $107,347 to settle a civil fraud case alleging that she fraudulently applied for and received two Paycheck Protection Program (PPP) loans and subsequently fraudulently obtained forgiveness on both loans. On March 31, 2022, the United States filed a Complaint …. Gelatti kush mints strain

ppp loan fraud list

The U.S. Senate confirmed Brian Miller, a former White House lawyer, to the post in June. Until recently, it was widely assumed that Miller and his office would play a central role in investigating potential fraud on the PPP, which has proved to be the CARES Act’s most controversial program. Indeed, as the PPP came under intense scrutiny last ...ALEXANDRIA, Va. – Latifa Brooks, a resident of McLean, has agreed to pay $107,347 to settle a civil fraud case alleging that she fraudulently applied for and received two Paycheck Protection Program (PPP) loans and subsequently fraudulently obtained forgiveness on both loans. On March 31, 2022, the United States filed a Complaint …The Office of Inspector General (OIG) found that the Small Business Administration (SBA) did not have an organizational structure with clearly defined roles, responsibilities, and processes to manage and handle potentially fraudulent Paycheck Protection Program (PPP) loans across the program. In addition, the agency did not …PPP Loan Recipient List By State —. Texas. 938,535 TOTAL PPP LOANS. $62.7B TOTAL LOAN AMOUNT. $66,858 AVERAGE PPP LOAN. 8 AVG COMPANY SIZE. Texas has a total of 938,535 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in Texas …PPP provided small businesses with funds to pay up to eight weeks of payroll costs and related expenses. Powell applied for a PPP loan on February 22, 2021. Powell claimed he had operated a barber shop since June 2018 and had one employee with an annual payroll expense of $96,000. He was approved for a $20,000 PPP loan.A search by the Independent of a PPP database showed only one other island association, Ocean Lane Plaza, had a forgiven PPP loan, for $27,221. Two private clubs –the Key Biscayne Yacht Club and ...PPP fraud referrals ([email protected]) ID theft complaints ([email protected]) RRF fraud referrals ([email protected]) …Search. PPP Company Loan Lists By State. Choose any state to view all publicly available information on Paycheck Protection Program loans received by companies in that state.... loans have indicators of potential fraud. Chicago ... The pandemic fraud investigation has lasted more than a year, and the list includes members of the police ...The following 17 employees, who work as either sworn law enforcement deputies or jailers, are slated to face federal charges: Alexandra Acosta, 37. George Anthony III, 50. Katrina Brown, 46. Rorie ...KC federal grand jury indicts 11 people, alleging more than $220,000 PPP loan fraud conspiracy. expand. A federal grand jury in Kansas City indicts 11 people, charging them with a conspiracy to ...Golden-Larimore created counterfeit IRS forms for nonexistent businesses, the indictment says, and inflated income for existing businesses in order to qualify the borrower for a PPP loan. Each of the defendants received a PPP loan of either $20,832 or $20,833. In addition to the conspiracy, Golden-Larimore is charged with 12 counts of wire fraud.The Problem: This couple used fraudulently obtained PPP and EIDL funds to pad and flaunt a luxury lifestyle. 3. Teamwork and Farms. Next on our list is a South Florida couple who, authorities say, filled their bank accounts with over $800,000 in PPP loans and over 200,000 in Economic Injury Disaster Loans.As part of the settlement, Kabbage, now operating as KServicing Wind Down Corp., will pay a total allowed, unsubordinated, general unsecured claim of up to $120 million in the bankruptcy ...Jan 9, 2023 · The SBA has closely scrutinized just a tiny portion of PPP loans for fraud and forgiveness eligibility. The agency said it used computer models to review all 11.4 million loans, but that auditors ... Jun 22, 2022 · Francis J. Battista, 37, of Aston, Pennsylvania, filed 19 fraudulent applications for PPP and EIDL loans in 2020 and 2021, seeking over $10 million in loans. Battista allegedly supported his fraudulent loan applications by submitting fake tax documents, bank records and payroll summaries. The indictment further alleges that, as part of the fraud scheme, Johnson sought forgiveness of the fraudulent PPP loans she received. Additionally, Johnson allegedly applied for a loan through the EIDL program for her company, G.I.G Productions LLC, based upon materially false information about the borrower’s annual gross revenue ….

Popular Topics