Reports

A 13-count indictment has now been unsealed alleging a scheme to defraud the Small Business Administration and Paycheck Protection Program-affiliated lenders during the COVID-19 pandemic

Baltimore, Maryland – U.S. District Judge Richard D. Bennett sentenced Harold Dotson, 54, of Gaithersburg Maryland, to three years in federal prison, followed by three years supervised release — including six months of home confinement — in connection with a conspiracy to commit wire fraud affecting financial institutions. The fraud involved submitting more than $24 million in fraudulent CARES Act loan applications.

Bryan Ochoa Diaz, 32, a resident of Tigard, Oregon, pleaded guilty today to money laundering related to proceeds of a government loan issued to his family-owned restaurant.

A manufacturer and supplier of concrete formwork, shoring and temporary scaffolding systems based in Fair Lawn, New Jersey entered into a settlement agreement with the United States resolving allegations that the company violated the False Claims Act by taking a Paycheck Protection Program (PPP) loan to which it was not entitled.

A Visalia construction company CEO was arrested today on a federal criminal complaint alleging that he fraudulently obtained more than $4 million in taxpayer-funded COVID-19 relief funds and federally guaranteed small business loans.

Tampa, Florida – United States Attorney Gregory W. Kehoe announces that Terrance Bradford (46, Tampa) has pleaded guilty to eight counts of wire fraud. Bradford faces a maximum penalty of 20 years in federal prison on each count. A sentencing date has not yet been set.

SAMUEL W. JACKSON engaged in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL).

A federal jury in Portland found Peter Igwacho, 64, a Cameroonian national residing in Anchorage, Alaska, guilty Thursday for wire fraud.

LAS VEGAS — A Nevada man was sentenced today to over 15 years in prison and five years of supervised release for fraudulently obtaining more than $11 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and then laundering the funds through real estate transactions, gambling activity, and luxury purchases. The defendant was also ordered to pay restitution in the amount of $11,793,064.15, forfeiture in the amount of $11,231,186.52, and to forfeit two vehicles and five...