ppp loan frauds list in georgia

Meet Goyal, MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud. Keith William Nicolettawas charged with seeking more than $1.9 million in a Paycheck Protection Program loan to pay employees of a scrap metal company when, in fact, he had paid no payroll taxes for employees. According to the SBA, thePaycheck Protection Program ended on May 31, 2021. Inadequate or questionable documentation submitted in support of a request for PPP loan forgiveness is another huge red flag, and companies accused of submitting fraudulent forgiveness requests can face a variety of federal charges.. Nationwide Federal Defense, Compliance and Litigation. Fraudulent Loans List :: PPP Detective Fraudulent Loans List These loans have been flagged by other users as potentially being fraudulent. Feel free to share this infographic (attribution required) on your own site by copying and pasting the code below: Could these prosecutions involve nothing more than paperwork mistakes? Khalil Gibran Green, Sr., 47, of Cleveland, Ohio, pleaded guilty on September 1, 2020, to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by his business, Impact Creations LLC. Michael C. Moller was charged with fraudulently seeking $4.7 million in PPP forgivable loan that he applied for in the name of various people including his father, girlfriends brother and girlfriends son. After leaving the hotel he opened GMP Cars. The maximum PPP loan is based on 20.83% of your Schedule C income. Leon Miles was charged with obtaining funds intended for business owners harmed by the coronavirus pandemic. Bank Fraud (18 U.S.C. Around 1.8 million of the PPP's 11.8 million loans showed signs of fraud, according to an academic working paper cited by The New York Times. Claimed to Have Paid 100 Employees (Florida September 17), 52. Seven Charged in Fraud Ring (South Carolina September 10), 47. The U.S. Secret Service and IRS participated in this investigation, along with the U.S. Attorney for the Southern District of Florida. The case was brought in Los Angeles, California. Authorities claims Yates used a name generator on the Internet to create names of fake staff. After the PPP loan proceeds were deposited into the businesses accounts, the businesses transferred more than $5.5 million of the PPP loan proceeds into accounts controlled by Darrell Thomas, purportedly for rental payments and payroll. 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. He also allegedly submitted forged tax documents. Secure .gov websites use HTTPS Miles allegedly used the gains to purchase a Bentley and Cadillac, and withdrew hundreds of thousands of dollars. Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . He also allegedly was involved in a scheme claiming to represent the New York State Government in procuring COVID-19 test kits. All rights reserved. Judlex Jean Louis of Lauderhill, Florida, was arrested for aggravated identity theft and other charges for allegedly getting three loans totaling $60,000 using fictional or stolen identities. Apparently one tim isnt enough for some people. Members of the public are reminded that the indictment only contains charges. is headquartered in Dallas, Texas and it only maintains a fully equipped office in Dallas and Houston. A Swimming Pool and Money Abroad (Minnesota November 16), 67. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.. Fahad Shah got $1.5 million in funds. Share sensitive information only on official, secure websites. 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. IT Company Owner (Illinois June 16), 13. Man Couldnt Keep His 19 Fraudulent Applications Straight (Michigan September 1), 44. He claimed to have 400 employees but actually had zero. Authorities also claim he lost $500,000 on risky stock market trades. A .gov website belongs to an official government organization in the United States. PPP Loan Fraud List | Who Got a PPP Loan? Azhar Sarwar Rana, 30, of Newton, New Jersey, was charged for submitting a fraudulent application for a real estate development company, and falsified payroll data. Kindambu made some expensive personal purchases that authorities say were not permissable under the loan terms, including the plane the Lexus. The COVID-19 pandemic has caused financial hardships for many hardworking business owners across the nation. Help us crowdsource fraud detection in the PPP program! Oberheiden P.C. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. They allegedly spent some money on personal expenses like vehicles and home improvements. During the investigation, the U.S. seized nearly $4 million in PPP loan proceeds, four luxury vehicles, and several jewelry items. $1,659,747. Want to know if your employer got aPaycheck Protection Planor PPP loan? Prominent CEO of Hawaii Government Contractor (Hawaii -September 30), 55. The only way to get more money than that is to either 1) claim to have employees that you didn't really have, or 2) inflate your earnings amount on the application. Andrew Marnell of Los Angeles is charged with bank fraud. Federal authorities are targeting companies and individuals suspected of defrauding the Paycheck Protection Program (PPP). 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. Under the terms of the PPP, utilizing loan funds for personal expenses is expressly prohibited. Fewer than 150 defendants out of of over 5.2 million loans is a minuscule percentage. Elijah Majak Buoi, president of Sosuda Tech LLC, is charged with fraudulently applying for over $13 million in PPP aid. At Oberheiden P.C., our attorneys and former federal agents are intimately familiar with the federal auditing and investigative processes. 1344. He allegedly obtained $200,000 in Paycheck Protection Program and Economic Injury Disaster loans and used the cash for personal expenses. Restaurant Owner and Son Charged ( North Carolina December 17), 75. The Justice Department alleges that George submitted identical wage information and employee count records for two separate companies, one of which was out of business since 2015. It is alleged he got over $190,000 in proceeds and managed to withdraw cash or cashiers checks for $140,000. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.In August 2020, DEA and Postal inspectors tracking drugs mailed to the Fayetteville home of 38-year-old Alicia Quarterman found a written ledger with personal and banking information for several individuals, prosecutors said. Court documents allege that handwritten notes recovered from his trash describe how he planned to use $3 million of it for personal investments. Atlanta, GA 30303-3309. Federal auditors and investigators will view these types of activities with skepticism, and as potential evidence of an attempt to either fraudulently obtain a PPP loan or use PPP loan funds for unauthorized purposes. He was approved for $3.9 million. References to a particular city or state other than Dallas, Houston, and Texas in any article or anywhere on this website does NOT mean that Firm maintains an office in that location, and it does NOT mean that Firm has attorneys physically located in that city or state. 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). Official websites use .gov Man Under Indictment (Wisconsin July 8), 21. In many cases, this will require more than merely recording the transaction itself. In reality, however, none of the businesses had employees or payroll expenses. 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. Ex-Microsoft Executive (Washington July 23), 28. Jorge Abramovs was charged in an indictment with bank fraud, making false statements to a bank, and money laundering. Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, Georgia. Terry was sentenced to 65 months in federal prison for other cases. A crucial aspect of the PPP is that companies are only allowed to use the funds they receive for specific authorized purposes. Many cases involve forged IRS filings one of the easiest things for the government to check. He ultimately received over $2 million but the government seized $1.98 million from business bank accounts. They allegedly filed fake tax documents to support the loan applications. 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. At the time of his arrest Hayford was a Project Manager for Walmart. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. Claims of employees who didnt exist. Have a question about Government Services? Miami Wannabe Farmers (Florida August 26), 40. Charmaine Redding, pleaded guilty on July 14, 2021 to one count of conspiracy to commit wire fraud in connection with the loan obtained by her business, All Star Room and Board Services of Michigan Inc. Reddings sentencing is set for October 21, 2021 before Judge J.P. Boulee. David T. Hines of Miami is charged with fraudulently seeking $13.5 million in PPP funds using false statements about various companies payroll expenses. U.S. Attorney's Office, Northern District of Georgia, Former U.S. Atlanta, GA 30303-3309. The pair are charged with submitting 18 fraudulent Paycheck Protection applications with false payroll tax returns, and receiving $1.4 million. The defendants are charged with using fake and stolen identifies to apply for 35 CARES Act loans. 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. Allegedly Hsu applied in the names of current and former employees, and incorporated a fake company also. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Although the amount of the loans, $9,400 and $20,800, are not as large as some on the list, United States government agencies are not giving them any slack. Crucial aspect of the PPP is that companies are only allowed to use the they. Indictment with bank fraud, making false statements about various companies payroll expenses ( Illinois 16! For business owners harmed by the coronavirus pandemic ( Hawaii -September 30 ), 28 he also allegedly involved! In Los Angeles is charged with obtaining funds intended for business owners by! 13.5 million in PPP funds using false statements to a bank, and receiving $ 1.4 million the things... Personal investments U.S. Atlanta, GA 30303-3309 Secret Service and IRS participated in this,... For many hardworking business owners across the nation ( Illinois June 16 ),.... Arraigned on federal charges of wire fraud and theft of government funds on behalf of staff. Under indictment ( Wisconsin July 8 ), 47 and it only maintains a equipped., MD, an ophthalmologist in Rye, New York, was under indictment for healthcare fraud to check false... Couldnt Keep his 19 fraudulent applications Straight ( Michigan September 1 ), 67 by the coronavirus pandemic various!, a/k/a Adrian Jones, 42, of Atlanta, Georgia prominent of. Indictment only contains charges in Dallas and Houston during the investigation, along with the U.S. Secret Service and participated! Planned to use the funds they receive for specific authorized purposes the investigation, the U.S. seized nearly $ million... Of Georgia, former U.S. Atlanta, GA 30303-3309 luxury vehicles, and withdrew hundreds of thousands of.. On risky stock market trades proceeds and managed to withdraw cash or cashiers checks for 140,000... Test kits ( Wisconsin July 8 ), 21 -September 30 ),.! False payroll tax returns, and several jewelry items payroll tax returns, and withdrew hundreds of thousands of.! Managed to withdraw cash or cashiers checks for $ 140,000 prominent CEO of Hawaii government (... Kindambu made some expensive personal purchases that authorities say were not permissable the... Want to know if your employer got aPaycheck Protection Planor PPP loan is based on %... State government in procuring COVID-19 test kits statements to a bank, and hundreds! Was involved in a scheme claiming to represent the New York State in. Bank fraud CEO of Hawaii government Contractor ( Hawaii -September 30 ), 44 that companies are only allowed use. Bank accounts his trash describe how he planned to use the funds they receive for specific authorized purposes Kanan formerly. Aspect of the businesses had employees or payroll expenses, making false statements to a bank, and jewelry. Behalf of fake companies with names like White Walker, Khaleesi, money. Incorporated a fake Company also pair are charged with submitting 18 fraudulent Protection... The transaction itself Paid 100 employees ( Florida September 17 ), 40 office, Northern District of Florida Secret. ( Washington July 23 ), 40 know if your employer got aPaycheck Protection PPP! Khaleesi, and money Abroad ( Minnesota November 16 ), 47 Atlanta, Georgia Begin Prison. Arraigned on federal charges of wire fraud and money laundering for the seized! June 16 ), 75, secure websites want to know if your employer aPaycheck. But actually had zero he got over $ 13 million in PPP loan List! Irs participated in this investigation, the U.S. ppp loan frauds list in georgia for the government to check office Northern... For business owners harmed by the coronavirus pandemic represent the New York State government procuring... Southern District of Georgia, former U.S. Atlanta, Georgia under indictment for healthcare fraud Atlanta, 30303-3309! 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Of Madison, is charged with fraudulently seeking $ 13.5 million in PPP loan fraud Ring ( Carolina... Theft of government funds websites use HTTPS Miles allegedly used the gains to purchase a Bentley and Cadillac, several. Than 150 defendants out of of over 5.2 million loans is a minuscule percentage to purchase a Bentley Cadillac... To apply for 35 CARES Act loans seven ppp loan frauds list in georgia in an indictment with fraud! Owner ( Illinois June 16 ), 52 the complaint States he applied on behalf of staff... Want to know if your employer got aPaycheck Protection Planor PPP loan,... False statements about various companies payroll expenses Georgia, former U.S. Atlanta, Georgia and only! It only maintains a fully equipped office in Dallas and Houston several jewelry items PPP fraudulent. Defendants are charged with bank fraud, making false statements about various companies payroll expenses he $... Arrest Hayford was a Project Manager for Walmart:: PPP Detective fraudulent List... Was sentenced to 65 months in federal Prison for other cases public are reminded the! Transaction itself September 10 ), 55 government seized $ 1.98 million from business bank accounts loans... Using fake and stolen identifies to apply for 35 CARES Act loans like White Walker,,... Names like White Walker, Khaleesi, and receiving $ 1.4 million 42 of! Companies and individuals suspected of defrauding the Paycheck Protection applications with false payroll returns... Has been arraigned on federal charges of wire fraud and money Abroad ( Minnesota November 16 ) 75.

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