The Government alleged that Campbell through Expert Tax Services, and Apex Accounting & Tax Inc., submitted fraudulent loan applications obtaining approximately $100,000 in commission in COVID-19 relief funds. On June 21, 2021, Arman Hayrapetyan pleaded guilty to one count of money laundering conspiracy. . Select Subcommittee Launches Investigation into Role of FinTech The Government alleged that Mr. Kao, a former Government Contractor, submitted fraudulent loan applications seeking approximately $10 million in COVID-19 relief funds. Kevin Mancieri was charged with conspiracy to commit bank fraud. Yun Jae Moon was charged with conspiracy to defraud the United States. The Government alleged that Mr. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Serving clients across the United States Maurice Mills was charged with one count of wire fraud. The Government alleged that Mr. Lopez billed Medicare over $2.5 million worth of unnecessary medical equipment and submitted fraudulent loan applications for over $105,000 in COVID-19 relief funds. Joshua Argires was charged in a criminal complaint with making false statements to a financial institution, wire fraud, bank fraud, and money laundering. The case was brought in Orlando, Florida, and his trial is currently scheduled for August 1, 2022. Researchers estimate that $76 billion in PPP loan money was taken illicitly. Ms. Falgoust pleaded guilty to an information on July 22, 2021. Stanley Dorceus was charged with conspiracy to defraud the United Sates. The case was brought in Milwaukee, Wisconsin. The Government also alleged that Mr. Collins used his tax-preparation business to file thousands of fraudulent tax returns resulting in a loss of $3.8 million to the IRS. This case was brought in Atlanta, Georgia. The case was brought in Atlanta, Georgia. The case was brought in Concord, New Hampshire. On July 13, 2021, Ms. Walker was sentenced to 12 months and 1 day in prison. The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $400,000 in COVID-19 relief funds. Brian Criss was charged with fraud by wire, radio, or television and Bank fraud. Ms. Duhart pled guilty and was sentenced to 3 years in prison on February 22, 2022. The Government alleged that, while she was out on bond in a pre-existing healthcare fraud case, Ms. Terry submitted fraudulent loan applications to obtain $290,000 in COVID-19 relief funds. Lee Price was charged with wire fraud, bank fraud, money laundering, and making false statements to a lending institution. The Government alleged that Mr. Magana submitted fraudulent loan applications seeking over $2 million in COVID-19 relief funds, obtained over $1 million. The Government alleged that Mr. Fitzgerald provided false statements about receiving loan for COVID-19 relief plans for New Beginning Family Service LLC. $341 Million in PPP Fraud So Far, and Counting - Small Business Trends On November 2, 2021, Charles Petty pleaded guilty to conspiracy to commit wire fraud, and his sentencing is scheduled for February 23, 2022. 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. This list is organized by the date charges were filed, and only includes cases that have been indicted or charged by information. The Government alleged that Smith submitted fraudulent loan applications through her business obtaining approximately $426,000. He is scheduled to be sentenced on August 8, 2022. Samuel Davis was charged with bank fraud and money laundering. All the other defendants have pleaded not guilty, and their cases are pending. Search for PPP loan applications by organization, lender, zip code and business type. Damilola Lawal and Idowu Raji were charged with multiple counts of conspiracy to commit wire fraud, wire fraud, aggravated identity theft, and related charges. Christopher Mazzei and Erin Mazzei were charged with conspiracy to commit wire fraud, conspiracy to launder money and money laundering. The Government alleged that Mr. Malanga submitted fraudulent loan applications obtaining nearly $2 million in COVID-19 relief funds. The Government alleged that Ms. Miller used other peoples personal identifying information to open bank accounts and submit fraudulent loan applications for over $900,000 in COVID-19 relief funds. Mr. Tran pleaded guilty on June 30, 2022, to two counts of wire fraud and is scheduled for sentencing on November 3, 2022. Valesky Barosy was charged with wire fraud, money laundering, and aggravated identity theft. Dinesh Sah was charged with several counts of wire fraud, bank fraud, and money laundering. 94% of the total 2020 PPP loan value has been forgiven, in full or in part. William Nicoloff, Jr. was charged with bank fraud and unlawful monetary transactions. Tristan Pan was charged with wire fraud, bank fraud, and money laundering. This case was brought in Las Vegas, Nevada. The Government alleged that Mr. Stewart submitted fraudulent loan applications and obtained over $250,000 in COVID-19 relief funds and that he was engaged in two other, separate fraudulent schemes to obtain government contracts and military benefits. Smith pleaded guilty and was sentenced to 20 months in prison on December 16, 2021. Because PPP lending is closed to new applications, SBA's challenge is to effectively handle potentially fraudulent PPP loans to reduce the risk of financial loss and ensure only eligible borrowers receive forgiveness in accordance with program requirements. Mr. Barosy has pleaded not guilty, and his trial is currently scheduled for September 12, 2022. The Government alleged that Mr. Knight submitted fraudulent loan applications and obtained $149,900 in COVID-19 relief funds. On October 8, 2021, Damion McKenzie pleaded guilty, and he was sentenced to 44 months on January 21, 2022. All rights reserved. On July 18, 2021, he was sentenced to over 11 years in prison. Denesseria Slaton was charged separately and has pleaded guilty to one count of conspiracy to commit fraud. Woods pleaded guilty and was sentenced to 6 months in prison on July 15, 2021. On September 14, 2021, Mr. Marnell pleaded guilty to one count of bank fraud and one count of money laundering. The case was brought in Tucson, Arizona. The case was brought in Orlando, Florida. On September 1, 2020, Khalil Green pleaded guilty to one count of conspiracy to commit bank and wire fraud. Nikia. 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. This case was brought in Milwaukee, Wisconsin. On June 4, 2021, Mr. Davis was sentenced to 6 months in prison. 2022 by The Church Law Firm LLC. The Government alleged that Mr. McGee, along with 21 other individuals, conspired to submit fraudulent loan applications seeking over $3.8 million in COVID-19 relief funds. His case is now on appeal in the First Circuit Court of Appeals. PPP loan investigation. PPP Loan Scams: 900 open criminal investigations, 100 arrested - WAVE On June 28, 2021, after a 9-day jury trial, Richard Ayvazyan, Marietta Terabelian, and Artur Ayvazyan were found guilty. Austin VanScoyk and Samuel Fiedler were charged with conspiracy to commit wire fraud. The case was brought in Newark, New Jersey. Tonye Johnson was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. On October 21, 2021, Ms. Redding was sentenced to 27 months in prison. Updated Jan. 11, 2023, Search Every Company Approved for Federal Loans. The case was brought in Seattle, Washington. The case is currently pending. The Government alleged that Mr. Boncimino submitted fraudulent loan applications seeking $2.6 million in COVID-19 relief funds. The Government alleged that Ms. Hart, a former Deputy Sheriff, made a false statement to the SBA in her PPP application. The Government alleged that the father-son duo submitted fraudulent loan applications seeking over $550,000 in COVID-19 relief funds. It is also alleged that Ms. Ortiz opened 10 bank accounts to steal over $600,000 in COVID-19 relief funds and launder the funds to her co-conspirator. The Government alleged that Doss submitted fraudulent loan applications seeking over $220,000 in COVID-19 relief funds. On September 27, 2021, he was sentenced to 30 months in prison. Mr. Criss pled guilty and was sentenced to 10 months in prison on November 1, 2021. On March 24, 2022, Ms. Cartwright-Powers was sentenced to 20 months in prison. On June 23, 2022, she was sentenced to 3 years of probation with the first 6 months to be served on home confinement. Michael Moller was charged with bank fraud and making false statements to the SBA. Help us crowdsource fraud detection in the PPP program! Mr. Johnson pleaded guilty. If you have questions or concerns and would like to speak with an attorney in confidence, we urge you to call us promptly at 888-680-1745 or . He was sentenced to 63 months in prison. Chanchikyan has pleaded not guilty, and his trial is scheduled for October 4, 2022. Keishon Brown was charged with one count of wire fraud. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) . 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. Chad Schampers was charged with one count of wire fraud and money laundering. The Government alleged that Mr. Jaafar submitted fraudulent loan applications seeking $6 million in COVID-19 relief funds. Northern District of Georgia | Twenty-two defendants charged in The case was brought in Las Vegas, Nevada. On September 20, 2021, Mr. Price pleaded guilty to two counts of wire fraud and three counts of money laundering. Mr. Smith pleaded guilty to one count of bank fraud. The Government alleged that Mr. Price submitted fraudulent loan applications seeking $1.6 million in COVID-19 relief funds. 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. The Problem: This couple used fraudulently obtained PPP and EIDL funds to pad and flaunt a luxury lifestyle. Moon pleaded guilty. The case was brought in Ft Lauderdale, Florida. The Government alleged that Mr. Robinson submitted fraudulent loan applications through his corporation ATeam LV, LLC obtaining approximately $1,502,270.00 in COVID-19 relief funds. List of PPP Loan Fraud Cases. On August 2, 2021, Mr. Gautreaux was sentenced to 70 months in prison. On January 6, 2022, he was sentenced to 33 months in prison. The case was brought in Miami, Florida. The case was brought in Atlanta, Georgia. On August 24, 2021, Mr. Mohan was sentenced to 24 months in prison. The case was brought in Seattle, Washington. On May 17, 2021, Mr. Staveley pleaded guilty to conspiracy to commit bank fraud and failure to appear in court. SBA-OIG Investigations Relating to PPP Loan Fraud Artur Chanchikyan was charged with wire fraud, theft of government property and concealment money laundering. The case was brought in Newport News, Virginia. The Government alleged that Mr. and Mrs. Porch submitted fraudulent loan applications seeking $364,000 in COVID-19 relief funds. The case was brought in New Haven, Connecticut. On December 9, 2020, Mr. Suber pleaded guilty to an information. Anuli Okeke was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, bank fraud, and money laundering conspiracy. More than 15% of PPP loans had at least one indication of potential fraud. The case is pending. 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. He was sentenced to 80 months in prison on March 3, 2022. On August 25, 2021, Mr. Kamgaing pleaded guilty to one count of wire fraud in relation to emergency benefits and one count of money laundering. DOJ Targeting PPP Fraud - The National Law Review The Government alleged that Nicoloff submitted fraudulent loan applications seeking over $1.5 million in COVID-19 relief funds. Mr. Smith pleaded guilty to one count of bank fraud. Mr. Keane was sentenced to 27 months in prison on April 4, 2022. Former Police Officer Sentenced For Money Laundering. Mr. Casutt pleaded not guilty and is scheduled for trial on October 17, 2022. IRS Criminal Investigation (CI) pledges continued commitment to Lauren Duhart, Joshua Smith, Steve Lewis, Christopher Agard, Henry Duffield, Jeremy Latourneau and Derick Keane were charged with attempt and conspiracy to commit mail fraud, and money laundering. What Is PPP Loan Fraud? How Scammers Stole $100+ Billion The case was brought in Monroe, Louisiana. Mr. Fitzgerald-Holley pleaded guilty and was sentenced to 6 months in prison on April 21, 2022. His sentencing is under seal. Benjamin Hayford was charged with bank fraud and four counts of making false statements to a financial institution. On March 25, 2022, Mr. Benlevi was found guilty on all counts at trial. Danielle Miller was charged with three counts of wire fraud and two counts of aggravated identity theft. Tiara Walker was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. On July 14, 2021, Mr. Smith was sentenced to 36 months in prison. Eldabbagh pleaded guilty and is scheduled for sentencing on August 25, 2022. The case was brought in Buffalo, New York and it is currently pending. The Government alleged that Mr. Crowther submitted fraudulent loan applications seeking over $2 million in COVID-19 relief funds. Moon was sentenced to 24 months in prison. Monika Jaworska was charged with conspiracy to commit bank fraud and conspiracy to commit wire fraud. On June 24, 2021, Ms. Benton pleaded guilty to mail fraud. All the other defendants have pleaded not guilty. The Government alleged that Mr. Santemore, an Amtrak employee, submitted fraudulent loan applications seeking over $89,000 in COVID-19 relief funds. The case was brought in Providence, Rhode Island. The case was brought in Miami, Florida. Anthony Boncimino was charged with four counts of bank fraud, four counts of money laundering, and six counts of making false statements. The case was brought in Milwaukee, Wisconsin. The Government alleged that Mr. Hamilton submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Mr. Shah has pleaded not guilty. The Government alleged that Mr. Bischoff, who owned multiple pizza restaurants, submitted fraudulent loan applications seeking to obtain almost $1 million in COVID-19 relief funds. The Government alleged that Ms. Falgoust filed 5 fraudulent loan applications seeking over $500,000 in COVID-19 relief funds. The case was brought in New York, New York. The Government alleged that Mr. Smith submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Andrew Marnell was charged with several counts of bank fraud and money laundering. 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. It is also alleged that Ms. Ford-Victory received some kickback payments for submitting the claims. Mr. Licata pleaded guilty to one count of conspiracy to commit health care fraud on January 13, 2022. The case was brought in Honolulu, Hawaii. Ms. Okeke has pleaded not guilty, and her case is pending. The case was brought in Newark, New Jersey. Mark Mason, Jr. was charged with one count of wire fraud and money laundering. Tarone La Dale Woods was charged with false statements. The Government alleged that Mr. and Ms. Collins submitted fraudulent loan applications seeking approximately $1.9 million in COVID-19 relief funds. Rosado pleaded guilty and was sentenced to 37 months on December 3, 2021. 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. PPP Loan Search; FL; Miami Beach; Business Name Loan Amount Lender; LINDY L NOWAK: 17500: City National Bank of Florida: SPIAGGIA INC: 17500: The Government alleged that Mr. Defrees submitted multiple loan applications at two different banks seeking $1.7 million in COVID-19 relief funds. Both Christopher and Erin Mazzei pleaded not guilty and are scheduled for trial on August 9, 2022. On July 28, 2021, Mr. Lewis pleaded guilty to mail fraud and he was sentenced to 115 months. The case was brought in San Francisco, California. Mr. Knight has pleaded guilty on March 25, 2022, and his sentencing date is to be determined. Mr. McCants pleaded guilty on June 6, 2022 and is scheduled for sentencing on September 9, 2022. On May 14, 2021, Mr. Clark pleaded guilty to one count of conspiracy to commit wire fraud. Bernard Okojie was charged with conspiracy to commit wire and bank fraud, wire fraud, and money laundering conspiracy. PPP Loan Fraud is Out of Control! Case Investigations & EIDL Fraud The case was brought in Detroit, Michigan and is currently pending. The case was brought in Little Rock, Arkansas. Both defendants were sentenced to 21 months in prison in June 2022. Mr. Augustin pleaded guilty was sentenced to 78 months in prison on May 6, 2022. In the New York case, Mr. Sadleir pleaded guilty on January 19, 2022 and his sentencing hearing is to be determined. Christian Johnson was charged with fraud by wire, radio or television, and bank fraud. This case was brought in Portland, Oregon. Robert Benlevi was charged with bank fraud, making false statements to a financial institution, and money laundering. The Government alleged that Benton and Cartwright-Powers worked with Lewis and White, two prison inmates in Virginia, to collect the personal identifiable information of other inmates and fraudulently apply for unemployment benefits expanded during the COVID-19 pandemic. The case was brought in Washington, D.C. Mr. Hayes pleaded guilty. The Government alleged that Mr. Goldstein submitted fraudulent loan applications and obtained over $655,000 in COVID-19 relief funds. On June 16, 2022, Mr. Buoi was sentenced to 39 months in prison. The case was brought in Baton Rouge, Louisiana. The case was brought in Sherman, Texas. PPP-Loan Investigation Links Fraud Loans to Fintech Companies The Government alleged that Mr. Pan submitted fraudulent loan applications seeking over $6 million in COVID-19 relief funds. The case was brought in Ft Lauderdale, Florida. Mr. Foster pleaded not guilty on August 13, 2021, and his case is pending. 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. Mr. Staveley has also been charged separately with aggravated identity theft and failing to appear in court when required. On December 21, 2021, she was sentenced to 18 months in prison. The PPP allows the interest and principal to be forgiven if businesses spend the . Omar Smith was charged with one count of conspiracy to commit bank fraud and wire fraud. Petty was sentenced to serve 12 months and 1 day in prison. The case was brought in Buffalo, New York. On November 29, 2021, Mr. Price was sentenced to 110 months in prison. Diamond Blue Smith was charged with conspiracy to commit and offense against the United State, i.e., wire fraud. The Government alleged that Mr. McKenzie and Ms. Bostic participated in a conspiracy with others that involved submitting fraudulent loan applications seeking a total of $24 million in COVID-19 relief funds. She was sentenced to 24 months in prison. The Government alleged that Mr. Augustin submitted fraudulent loan applications for his company Clear Vision Music Group LLC obtaining more than $24 million dollars in COVID-19 relief funds. The Government alleged that the married couple defrauded 1,700 victims in a scheme involving applying for small business loans and fraudulently collecting unemployment benefits. Christopher Hayes was charged with making a false, fictitious, or fraudulent claim to the Government. She was sentenced to 41 months in prison. He was sentenced to 57 months in prison on February 2, 2022. Mr. Hines pleaded guilty to wire fraud. The Government alleged that Ms. Kasali submitted fraudulent loan applications and obtained more than $1.9 million in COVID-19 relief funds. The defendants have pleaded not guilty, and the case is pending. The case was brought in Norfolk, Virginia. Mr. Augustin pleaded guilty to one count of conspiracy to commit wire fraud on December 27, 2021. The case was brought in Honolulu, Hawaii. Mr. Kindambu pleaded guilty to one count of bank fraud. The Government alleged that Mr. McLeod and Ms. Wilson submitted fraudulent loan applications seeking $1 million in COVID-19 relief funds. The City of West Haven received over $1.15 million in COVID-19 relief funds. However, the participation of FinTechs in the PPP may have led to increased incidents of fraud. Vidal is scheduled for sentencing on July 19, 2022, George is scheduled for sentencing on August 16, 2022, Womble is scheduled for sentencing on August 23, 2022, and Sims is scheduled for sentencing on August 29, 2022. The Government also alleged that Jalloul would charge the clients a 2-20% commission on the loans they received. Mr. Henley pleaded guilty to one count of bank fraud. The defendants have been charged by complaint. Businesses must use PPP loan proceeds for payroll costs, interest on mortgages, rent and utilities. Shaquandra Woods, Courtney Gilchrist, and Kenneth Jackson were charged with conspiracy to commit wire fraud, false statements on loan applications, and false documents. The Government alleged that Mr. Moller submitted several fraudulent loan applications seeking over $4.7 million in COVID-19 relief funds. The Government alleged that Ms. Lawson and Ms. Quarterman submitted fraudulent loan applications on behalf of the other defendants seeking over $700,000 in COVID-19 relief funds. Debra Hackstadt was charged with wire fraud. This case was brought in Boston, Massachusetts. His sentencing is scheduled for December 16, 2021. Mr. Jaafar pleaded guilty to one count of conspiracy against the U.S. On August 10, 2021, Mr. Hsu was sentenced to 24 months in prison. The case was brought in Columbus, Georgia. The Government alleged that Mr. Tezna submitted fraudulent loan applications and obtained $350,000 in COVID-19 relief funds. Our strategy involves carefully reviewing all relevant loan and financial documents, consulting with forensic accountants and other financial specialists with experience in PPP and EIDL loans, and engaging law enforcement agents and prosecutors early in the process to ensure they have a full picture of the facts helpful to our clients. Ms. Williams was sentenced to time served with 6 months home confinement on May 25, 2022. On June 23, 2020, he was charged with wire fraud and aggravated identity theft in the Southern District of New York. The other defendants have pleaded not guilty, and their trial is scheduled for September 15, 2022. The case was brought in Atlanta, Georgia. This case was brought in Boise, Idaho. Does something look fishy to you? The Government also alleged that Mr. Carter spent more than $21,000 of the loan funds at a car company for repairs and detailing. Mr. Charno was sentenced to 24 months in prison on May 23, 202. Wahid Mohamed Makki was charged with wire fraud and money laundering. On November 1, 2021, he pleaded guilty to an information and was sentenced to 24 months on February 2, 2022. Mr. Stote pleaded guilty on January 3, 2022 and was sentenced to 120 months in prison on May 6, 2022. The case was brought in Los Angeles, California. On February 3, 2022, she was sentenced to 44 months. The Government alleged that Mr. Rai submitted fraudulent loan applications seeking over $10 million in COVID-19 relief funds. Phillip Augustin was charged with wire fraud, bank fraud, attempt and conspiracy to commit wire fraud and bank fraud and obstruction of justice. The case was brought in Valdosta, Georgia. The Government alleged that Mr. Etwaru submitted fraudulent loan applications to obtain approximately $57,750.00 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. On October 18, 2021, he was sentenced to 10 months probation. The Government alleged that Mr. Belone submitted fraudulent claims for reimbursement to Medicare through his companies R&S Pharmacy Inc, and R&S DME Service, LLC obtaining approximately $2,536,411.00 During the investigation it was revealed that Mr. Belone submitted fraudulent loan applications on behalf of R&S Pharmacy and obtained approximately $22,500.00 in COVID-19 relief funds. The Government alleged that Ms. VanPelt submitted fraudulent loan applications on behalf of six of her companies seeking almost $8 million in COVID-19 relief funds. The Government alleged that Mr. Lewis orchestrated three different fraudulent schemes, including running a sham business offering pandemic-related goods, soliciting fees from businesses seeking non-existent relief grants, and submitting fraudulent loan applications to the SBA. The case was brought in Milwaukee, Wisconsin. On October 18, 2021, he was sentenced to 12 months and 1 day in prison. Mr. Hayford pleaded guilty to all the counts. Mr. Hsu pleaded guilty to one count of wire fraud. Jamie Johnson was charged with conspiracy to commit mail fraud and aggravated identity theft. 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. Mr. and Ms. Mitchum pleaded guilty on January 12, 2022 and are scheduled to be sentenced on July 29, 2022. The Biden Administration has poured millions of dollars towards resources to ensure that investigations take place and the stolen money is recovered. Scott Suber was charged with one count of bank fraud. We have gathered and summarized all cases that we are aware of that have been filed anywhere the United States. On November 17, 2021, Mr. VanScoyk was sentenced to 10 months in prison. The Government alleged that Ms. Denton submitted fraudulent loan applications for $491,310 in COVID-19 relief funds. A Florida man was sentenced today to 33 months in prison for fraudulently seeking over $7,263,564 in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Government alleged that Lawal and Raji submitted fraudulent loan applications seeking over $900,000 in COVID-19 relief funds. The Government alleged that Mr. Sadleir, a film executive, submitted fraudulent loan applications seeking over $1.7 million in COVID-19 relief funds. Elijah Buoi was charged with wire fraud and making false statements to a bank. . On May 11, 2021, Mr. Fayne pleaded guilty to conspiracy to commit wire fraud, bank fraud, and making false statements on a loan application. The case was brought in Philadelphia, Pennsylvania and it is currently pending. PDF Sba'S Handling of Potentially Fraudulent Paycheck Protection Program Loans Martin Kao was charged with multiple counts of wire fraud and money laundering. She was sentenced to 2 years of probation on February 28, 2022. The case was brought in West Palm Beach, Florida. Dr. Joseph has pleaded not guilty. The case was brought in Miami, Florida. Teldrin Foster was charged with multiple counts of wire fraud, bank fraud, and attempt and conspiracy to commit fraud. You can search and filter the list, but only flagged loans will be shown. The Government alleged that Mr. Mason, along with 21 other individuals, conspired to submit fraudulent loan applications seeking over $3.8 million in COVID-19 relief funds. Please cite ProPublica by linking to this page. Mr. Olivetti pleaded guilty on December 13, 2021, and is scheduled for a pre-sentence conference on August 30, 2022. The DOJ is targeting individuals and businesses in PPP loan fraud investigations, and it is targeting those who received loans of all sizes. 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. He was also sentenced on charges of drug trafficking and money laundering in a separate case that same day.