The Small Business Administration (SBA) provided $28.5 billion in Restaurant Revitalization Fund (RRF) grants to 100,700 restaurants and similar businesses to help keep their doors open. Recipients are not required to repay the grant money as long as they spend it for approved uses no later than March 11, 2023.
Robert A. Westbrooks, Executive Director of the Pandemic Response Accountability Committee (PRAC), announced a new way to view data on PandemicOversight.gov.
The Department of Justice (DOJ) recently announced that more than fifty people have been criminally charged with fraudulently obtaining loans from the Paycheck Protection Program (PPP).
Maryland Man, Previously Convicted for Bank Fraud and Aggravated Identity Theft, Facing Federal Charges for Filing Fraudulent Applications for COVID-19 CARES Act Loans and Unemployment Benefits
A federal criminal complaint has been filed charging Ryan Dales, age 34, of Baltimore, Maryland, with wire fraud, relating to the submission of fraudulent applications for unemployment insurance (UI) benefits, a Paycheck Protection Program loan, and an Economic Injury Disaster Loan (EIDL) under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES Act was a federal law enacted in March 2020 to provide emergency financial assistance to Americans suffering from the economic effects caused by the COVID-19 pandemic. The complaint was filed January 13, 2023, and unsealed today...
Individual Sentenced to 30 Months in Prison for Laundering Unemployment Benefits and Pandemic Unemployment Assistance Funds
SAN JUAN, P.R. – Martín Scamaroni-Cintrón was sentenced on January 18, 2023 by United States District Court Judge Aida Delgado-Colón to 30 months in prison for laundering Unemployment Benefits and Pandemic Unemployment Assistance (PUA) Funds from his bank account in Puerto Rico.
Extradited Seminole County Man Sentenced To More Than Eight Years In Federal Prison For COVID Relief Fraud
Orlando, Florida – U.S. District Judge Wendy W. Berger has sentenced Don V. Cisternino (47, Chuluota) to eight years and six months in federal prison for wire fraud, aggravated identity theft, and illegal monetary transaction. The court also ordered Cisternino to forfeit a total of $1,071,923.98 seized from five different bank accounts, which are funds traceable to proceeds of the offense. In addition, the court entered an order of forfeiture in the amount of $7.21 million, which represents the total proceeds obtained by Cisternino from the wire fraud scheme. The court also ordered Cisternino...
PROVIDENCE, R.I. – An East Providence man who submitted eight fraudulent loan applications seeking more than $375,000 in COVID-19 relief business loans guaranteed by the federal Small Business Administration has been sentenced to four years in federal prison, announced United States Attorney Zachary A. Cunha.