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Today, the Justice Department’s National Fraud Enforcement Division along with the Small Business Administration (SBA) and the SBA Office of Inspector General, as part of a Heartland Fraud Surge announced the results of Operation No Doze, a surge of criminal enforcement actions targeting fraud in SBA’s small business COVID-era loan programs.

A New Jersey man admitted to participating in a multimillion-dollar mortgage fraud scheme and fraudulently obtaining more than $1.8 million of federal Economic Injury Disaster Loans.

Jacksonville, Florida – James Elliott Davis, II (37, Ponte Vedra Beach) has been sentenced by U.S. District Judge Jordan Pratt to seven years and seven months in federal prison in connection to his guilty plea to bank fraud, wire fraud, money laundering, and theft of mail. As part of his sentence, the court ordered the forfeiture of the proceeds of the crimes, which cumulatively totaled $6,726,800. Further, the court ordered Davis to pay restitution to the victims of his offenses. U.S. Attorney Gregory W. Kehoe made the announcement.

JARED LEONARD schemed to fraudulently obtain more than $2.3 million in Covid-relief benefits.

A rideshare driver from the Koreatown neighborhood of Los Angeles has been arrested on a five-count federal indictment charging him with fraudulently obtaining more than $2 million in COVID-19 pandemic business-relief loans on behalf of his nonexistent companies, which he instead used to buy cryptocurrency, the Justice Department announced today.

Tampa, FL – Caleb Walsh (36, Apollo Beach) has been charged by federal indictment with bank fraud, wire fraud, and illegal monetary transactions. If convicted on all counts, Walsh faces a maximum penalty of 30 years in federal prison. The indictment also notifies Walsh that the United States intends to forfeit a Mercedes Benz G-Wagon, a hotel, and cryptocurrency, which are alleged to be traceable to proceeds of the offense. U.S. Attorney Gregory W. Kehoe made the announcement.

Chandler Carroll will spend 24 months in federal prison after admitting to fraudulently obtaining nearly $2.1 million in federal loans designed to assist businesses during the COVID pandemic.

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

Jacksonville, Florida – United States Attorney Gregory W. Kehoe announces that James Elliott Davis, II (36, Ponte Vedra Beach) has pleaded guilty to bank fraud, wire fraud, money laundering, and theft of mail. Davis faces up to 30 years in federal prison on the bank fraud count, up to 20 years in prison on the wire fraud count, up to 10 years in prison on the money laundering count, up to 5 years in prison on the theft of mail count and payment of restitution to the victims he defrauded. Davis has agreed to forfeit between $6.7 and $8.8 million, which are traceable to proceeds of the crimes he...