All defendants have pled guilty. Does something look fishy to you? The case was brought in Atlanta, Georgia. The Government alleged Ms. Walker participated in a conspiracy with others that involved submitting fraudulent loan applications seeking a total of $24 million in COVID-19 relief funds. The Government alleged that Mr. Hayford submitted fraudulent loan applications seeking $8 million in COVID-19 relief funds. Mr. Hines pleaded guilty to wire fraud. The Government alleged that the defendants conspired together to submit fraudulent loan applications and obtained over $7 million in COVID-19 relief funds. Rocco Americo Malanga was charged with wire fraud, bank fraud, and money laundering. The Government alleged that Mr. Price submitted fraudulent loan applications seeking $1.6 million in COVID-19 relief funds. For the California case Mr. Sadleir pleaded guilty on March 16, 2022 and his sentencing date is scheduled for September 28, 2022. There are, of course, many other CARES Act fraud investigations currently pending that may later result in criminal charges. Larry D. Jordan and Sutukh El were charged with attempt and conspiracy to commit mail fraud. Lee Price was charged with wire fraud, bank fraud, money laundering, and making false statements to a lending institution. 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 Buffalo, New York. The case was brought in Atlanta, Georgia. The Government alleged that Mr. Rai submitted fraudulent loan applications seeking over $10 million in COVID-19 relief funds. Blood submitted fraudulent loan applications seeking over $600,000 in COVID-19 relief funds. The case is pending and no trial date has been scheduled at this time. Gregory J. Blotnick was charged with eight counts of wire fraud and six counts of money laundering. Fraudulent Loans List :: PPP Detective The Government alleged that Mr. Smith submitted fraudulent loan applications and obtained over $600,000 in COVID-19 relief funds. The case was brought in Beaumont, Texas. You can search and filter the list, but only flagged loans will be shown. The case was brought in Charlotte, North Carolina. David Hines was charged with wire fraud, making false statements to a lending institution, bank fraud, and money laundering. On September 14, 2021, Mr. Goldstein was sentenced to 12 months and 1 day in prison. The Government alleged that Ms. Johnson filed fraudulent unemployment insurance applications under stolen identities to receive over $700,000 in benefits during the pandemic. Rodericque Thompson, Micah Baisden, Travis Crosby, Keith Maloney, Tabronx Smith, and Thomas Wilson were charged with attempt and conspiracy to commit fraud, bank fraud, making false statements to a financial institution, and money laundering. Which Federal Agencies Investigate PPP Loan Fraud? Smith pleaded guilty and was sentenced to 20 months in prison on December 16, 2021. Martin Kao was charged with multiple counts of wire fraud and money laundering. The Government alleged that Mr. Magana submitted fraudulent loan applications seeking over $2 million in COVID-19 relief funds, obtained over $1 million. Arena submitted fraudulent loan application for ADA Auto Group LLC obtaining approximately $954,000 in COVID-19 relief funds. The case was brought in Atlanta, Georgia. Deon Petty was charged with one count to defraud the United States. He was sentenced to 24 months in prison on November 17, 2021. Mr. Ho was found guilty on all charges. 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. The Government alleged that Mr. Barosy submitted fraudulent loan applications seeking over $4.2 million in COVID-19 relief funds. What Is PPP Loan Fraud? How Scammers Stole $100+ Billion The Government alleged that Mr. Hosey knowingly and willfully conspired to commit fraud against the United States regarding COVDI-19 relief funds. It is alleged that the scheme between Ms. Ortiz and her co-conspirator has affected at least 23 victims. Eldabbagh pleaded guilty and is scheduled for sentencing on August 25, 2022. Her trial is scheduled for July 28, 2022. Mr. Tezna was sentenced to 18 months in prison. Ms. Williams pleaded guilty. On November 2, 2021, she was sentenced to 78 months in prison. Ms. Walker has pleaded 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. Ms. Denton pleaded guilty to one count of conspiracy to commit wire fraud on July 22, 2021. Ganell Tubbs was charged with two counts of bank fraud, loan application fraud, and money laundering. To date, all defendants except for Mr. Crosby have pleaded guilty to at least one of the counts of the indictment. Woods pleaded guilty and was sentenced to 6 months in prison on July 15, 2021. Our federal defense lawyers are representing companies nationwide in PPP loan fraud audits and investigations during the COVID-19 crisis. The case is currently pending. On November 29, 2021, Mr. Price was sentenced to 110 months in prison. Mr. Fitzgerald pled guilty and was sentenced to 2 years probation on June 3, 2021. . This case was brought in Albany, New York. Brian Criss was charged with fraud by wire, radio, or television and Bank fraud. Ms. Tubbs pleaded guilty to one count of bank fraud. He was sentenced to 41 months in prison on January 14, 2021. The case was brought in Texarkana, Texas. On November 9, 2021, Mr. Boncimino pleaded guilty to one count of money laundering. 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. He was sentenced to 63 months in prison. The Government alleged that Mr. McCants, along with 21 other individuals, conspired to submit fraudulent loan applications seeking over $3.8 million in COVID-19 relief funds. Denesseria Slaton was charged separately and has pleaded guilty to one count of conspiracy to commit fraud. Fouzi Darakhshan was charged with conspiracy to commit offenses against the United States, and several counts of false statements on loan applications. He was sentenced to 78 months in prison on March 30, 2022. The case was brought in Miami, Florida. The case was brought in Concord, New Hampshire. Zhang pleaded guilty and was sentenced to 60 days in prison on May 7, 2021. The Government alleged that the brothers submitted fraudulent loan applications seeking almost $7 million in COVID-19 relief funds. Jae Choi was charged with several counts of bank fraud, making a false statement on a loan application, money laundering, and aggravated identity theft, The Government alleged that Mr. Choi submitted fraudulent loan applications and obtained approximately $9 million in COVID-19 relief funds. Ronald Smith and Terri Miller were charged with wire fraud, money laundering, and fraud in connection with emergency benefits. He was also sentenced on charges of drug trafficking and money laundering in a separate case that same day. The Government alleged that Mr. George and his co-defendants submitted fraudulent loan applications seeking over $4.1 million in COVID-19 relief funds. 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. Roosevelt Roshelle Hunt was charged with conspiracy to commit money laundering. Help us crowdsource fraud detection in the PPP program! More than 15% of PPP loans had at least one indication of potential fraud. On March 10, 2022, Garibyan pleaded guilty to both charges and was sentenced to 3 years of probation on July 21, 2022. The case was brought in Los Angeles, California. 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. The case was brought in Atlanta, Georgia. 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 . Date: December 8, 2021. 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. Kevin Mancieri was charged with conspiracy to commit bank fraud. The Government alleged that the defendants submitted fraudulent loan applications seeking $7.6 million in COVID-19 relief funds. This case was brought in Milwaukee, Wisconsin. Diamond Blue Smith was charged with conspiracy to commit and offense against the United State, i.e., wire fraud. On June 10, 2021, Mr. The case was brought in Detroit, Michigan. The case was brought in Statesboro, Georgia. On September 20, 2021, Mr. Price pleaded guilty to two counts of wire fraud and three counts of money laundering. Danielle Miller was charged with three counts of wire fraud and two counts of aggravated identity theft. The Government alleged that Ms. Denton submitted fraudulent loan applications for $491,310 in COVID-19 relief funds. The case was brought in Savannah, Georgia. "The two operating components of the [SBA-OIG] are the Auditing Division and the Investigations Division. Casey Crowther was charged with multiple counts of bank fraud, making false statements on a loan application, and money laundering. The Government alleged that Mr. Licata, owner of Boca Toxicology LLC, bundled COVID-19 tests with more expensive and unnecessary testing. He is scheduled to be sentenced on September 27, 2022. On June 2, 2021, Mr. Smith was sentenced to 57 months in prison. Andrew Tezna was charged with one count of bank fraud. The case was brought in Orlando, Florida, and his trial is currently scheduled for August 1, 2022. Antonio George, Kevin Womble, Andrae Sims, and Sarah Vidal were charged with one count of wire fraud. Izzat Freitekh and Tarik Freitekh were charged with conspiracy to commit wire fraud, bank fraud scheme, money laundering, and other related charges. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. She is scheduled to be sentenced on December 6, 2021. The case was brought in Washington, DC. The case was brought in Dublin, Georgia. The Government alleged that the defendants submitted fraudulent tax documents to seek over $100,000 in COVID-19 relief funds. PPP data The case was brought in Atlanta, Georgia. Ms. Hart pleaded guilty on April 6, 2022, and was sentenced on July 13, 2022 but the terms of her sentence are under seal. Mr. Stewart pleaded guilty to all charges. The case was brought in Detroit, Michigan and is currently pending. The case was brought in Houston, Texas. This case was brought in Baton Rouge, Louisiana. She was sentenced to time served, approximately 3 months in prison. On September 15, 2021, Mr. Fayne was sentenced to 210 months in prison. The case was brought in Denver, Colorado. Moon submitted fraudulent loan applications on behalf of sixteen businesses seeking over $2 million in COVID-19 relief funds. Campbell pleaded guilty on September 23, 2021, and his sentencing date has not been scheduled at this time. COVID relief PPP fraud probe includes over 50 employees in Cook County Jabari Ogbonna Edwards and Antwann Richardson were charged with attempt and conspiracy to commit mail fraud, fraud by wire, radio or television, statements or entries generally and money laundering. The case was brought in Las Vega, Nevada. Mr. Smith pleaded guilty to one count of bank fraud. In the Spring of 2020, the Small Business Association ("SBA") began administering the Paycheck Protection Program (the "PPP" or the "Program") to provide SBA-backed loans to help eligible businesses maintain their workforces during the COVID-19 pandemic. He was sentenced to 135 months in prison on July 19, 2022. The Government alleged that Mr. Abramovs submitted fraudulent loan applications obtaining approximately $1,986,737.46 in COVID-19 relief funds. Mr. Tezna pleaded guilty to one count of bank fraud. Leonel Rivero was charged with wire fraud. Former Police Officer Sentenced For Money Laundering. Mr. Kindambu pleaded guilty to one count of bank fraud. 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. The case was brought in Los Angeles, California. Mr. Garcia pleaded guilty to one count of conspiracy to commit wire fraud on July 6, 2021. Ms. Falgoust pleaded guilty to an information on July 22, 2021. The Justice Department has brought criminal charges against at least 209 individuals in 119 cases related to Paycheck Protection Program (PPP) fraud since banks and other lenders began processing loan applications on behalf of the Small Business Administration on April 3, 2020. The Government alleged that Nevis, a real estate developer from California, submitted at least 12 fraudulent loan applications and obtained over $1.5 million in COVID-10 relief funds. Mr. Rai pleaded guilty to one count of false statements to a financial institution on February 9, 2021. Teamwork and Farms. 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 case was brought in White Plains, New York. Mr. Sissoko was convicted of four counts of wire fraud on April 15, 2022. The case was brought in Miami, Florida. On May 27, 2021, Edvard Paronyan pleaded guilty to one count of conspiracy to commit fraud and one count of money laundering. The Government alleged that the two businessmen submitted fraudulent loan applications seeking over $500,000. Kabbage, which processed over $7 billion in PPP . Mr. Pan has pleaded guilty, and was sentenced to 20 months on March 15, 2022. The case was brought in Atlanta, Georgia. Mark Stewart was charged with conspiracy to defraud the United States. The case was brought in Atlanta, Georgia. The Government discovered evidence of the scheme while serving a warrant on Ms. Quarterman as part of a meth-trafficking investigation. Chung pleaded guilty on March 11, 2021, and was sentenced to 18 months in prison on March 1, 2022. The case was brought in Atlanta, Georgia. 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. This site is not affiliated with the SBA or any other governmental body. The Government alleged that Mr. Mills illegally received over $450,000 in unemployment insurance benefits during the COVID-19 pandemic. Didier Kindambu was charged with multiple counts of bank fraud, money laundering, and making false statements. He was sentenced to 80 months in prison on March 3, 2022. This case was brought in New Orleans, Louisiana. The case was brought in San Francisco, California. E! Moon was sentenced to 24 months in prison. The case was brought in Savannah, Georgia and it is currently pending. We update this list weekly with any new cases filed and/or key developments in cases already pending. The Government alleged that Mr. Casutt submitted fraudulent loan applications and obtained $500,000 in COVID-19 relief funds. On October 20, 2021, Mr. He was sentenced to 51 months in prison. 3,264,095 The Government alleged that Mr. Schampers filed one fraudulent loan application seeking almost $300,000 in COVID-19 relief funds. PPP Loans Investigations - PPP red flags | Suncrest Financial Services The Government alleged that Ms. Ford-Victory submitted more than 100 fraudulent Pandemic Unemployment Assistance claims seeking over $1.2 million in COVID-19 relief funds. The Government alleged that Ms. Kirkland submitted a fraudulent loan application seeking over $66,000 in COVID-19 relief funds. Nevis pleaded not guilty on May 26, 2022, and the case is currently pending. PPP Loans List :: PPP Detective PPP Fraud Investigations: What you need to know now. This case was brought in Atlanta, Georgia. Updated Jan. 11, 2023, Search Every Company Approved for Federal Loans. The Government alleged that Darakhshan conspired with other individuals to file fraudulent loan applications and obtained over $1.3 million in COVID-19 relief funds. The case was brought in Ft. Lauderdale, Florida. The case was brought in Valdosta, Georgia. On September 16, 2021, Mr. Shah was sentenced to 31 months in prison. The Kwaks have pleaded not guilty, and the case is pending. The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $3 million in COVID-19 relief funds. The Government alleged that Mr. Henley submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Tarik Jaafar was charged with conspiracy against the United States and conspiracy to commit wire fraud. Michael Bischoff was charged with one count of bank fraud. On December 8, 2021, he was sentenced to 24 months in prison. Mr. McBreairty pleaded guilty and was sentenced to 2 years of probation, with the first 6 months to be served on home confinement. Michael McGee, Jr. was charged with attempt and conspiracy to commit fraud, multiple counts of wire fraud, and interstate commerce. The Government alleged Woods submitted fraudulent loan applications obtaining approximately $92,000 in COVID-19 relief funds. The PPP allows the interest and principal to be forgiven if businesses spend the . Mark Mason, Jr. was charged with one count of wire fraud and money laundering. The case was brought in Washington, D.C. The case was brought in Alexandria, Virginia. The Government alleged that Mr. Oudomsine submitted a fraudulent loan application and obtained $85,000 in COVID-19 relief funds. Mr. Knight has pleaded guilty on March 25, 2022, and his sentencing date is to be determined.