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Updated List of PPP and EIDL Loan Fraud Criminal Cases

PPP Loan Fraud

Our firm is keeping close track of federal criminal cases involving PPP loans, EIDL grants, and other CARES Act programs. We have gathered and summarized all cases that we are aware of that have been filed anywhere the United States.

This list is organized by the date charges were filed, and only includes cases that have been indicted or charged by information. There are, of course, many other CARES Act fraud investigations  currently pending that may later result in criminal charges.

We update this list weekly with any new cases filed and/or key developments in cases already pending. Please let us know if there is any other case we need to watch.

July 2021

Anthony Boncimino was charged with four counts of bank fraud, four counts of money laundering, and four counts of making false statements. The Government alleged that Mr. Boncimino submitted fraudulent loan applications seeking $2.6 million in COVID-19 relief funds. The case was brought in Albany, Georgia.

Tracy Kirkland was charged with wire fraud. The Government alleged that Ms. Kirkland submitted a fraudulent loan application seeking over $66,000 in COVID-19 relief funds. The case was brought in Statesboro, Georgia. Ms. Kirkland pleaded guilty and was sentenced to 33 months in prison.

June 2021

Curtis and Dereen Porch were charged with three counts of wire fraud and one count of theft of government property. The Government alleged that that Mr. and Mrs. Porch submitted fraudulent loan applications seeking $364,000 in COVID-19 relief funds. The case was brought in Columbus, Georgia.

May 2021

Paul and Michelle Kwak were charged with conspiracy to commit wire fraud, wire 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. The case was brought in Atlanta, Georgia.

Gregory J. Blotnick was charged with eight counts of wire fraud and six counts of money laundering. The Government alleged that Mr. Blotnick submitted fraudulent loan applications seeking $3.8 million COVID-19 relief funds and transferring that money to his brokerage accounts to buy stock. The case was brought in Newark, New Jersey.

April 2021

Maurice Kamgaing was charged with wire fraud in relation to a major disaster or emergency benefit, making false statements to a bank, and money laundering. The Government alleged that Mr. Kamgaing submitted fraudulent loan applications seeking $1.5 million in COVID-19 relief funds. The case was brought in Charlotte, North Carolina. Mr. Kamgaing has pleaded not guilty. The case is pending.

Oumar Sissoko was charged with four counts of wire fraud. The Government alleged that Mr. Sissoko submitted fraudulent loan applications to obtain over $7 million in COVID-19, which he then allegedly misappropriated on personal expenses. The case was brought in Los Angeles, California. Mr. Sissoko is awaiting arraignment.

March 2021

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 Government alleged misappropriated COVID-19 relief funds that his medical clinic received from the federal Government, based in part on transfers from his clinic’s account to his personal account. The case was brought in Denver, Colorado. Dr. Joseph has been summoned to appear in court and enter a plea to the charges in May 2021.

Leonel Rivero was charged with wire fraud. The Government alleged that Mr. Rivero submitted fraudulent loan applications seeking to obtain over 100 loans for $2.3 million in COVID-19 relief funds. The case was brought in Miami, Florida. Mr. Rivero has pleaded not guilty, and the case is pending.

February 2021

Lakisha Swope and Treisha Pearson were charged with conspiracy to defraud the United States, bank fraud, wire fraud, and money laundering. The Government alleged that Ms. Swope and Ms. Pearson submitted fraudulent loan applications seeking over $5 million in COVID-19 relief funds. The case was brought in Atlanta, Georgia. Ms. Swope and Ms. Pearson have pleaded not guilty, and their cases are pending.

Yun Jae Moon was charged with conspiracy to defraud the United States. The Government alleged that Mr. Moon submitted fraudulent loan applications seeking millions in COVID-19 relief funds. The case was brought in Atlanta, Georgia. Mr. Moon has pleaded not guilty, and his case is pending.

Robert Stewart was charged with wire fraud, theft of government funds, and making false statements. 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. The case was brought in Alexandria, Virginia. Mr. Stewart pleaded guilty to the charges. He is scheduled to be sentenced in June 2021.

January 2021

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. The Government alleged that Mr. Thompson recruited the other defendants in order to submit fraudulent loan applications on behalf of each of their companies, seeking approximately $3 million total in COVID-19 relief funds. The case was brought in Atlanta, Georgia. To date, Mr. Wilson has pleaded guilty to one count of bank fraud and is scheduled for sentencing in July 2021. Mr. Maloney, Mr. Smith, and Mr. Baisden are scheduled for change of plea hearings in May 2021. Mr. Thompson and Mr. Crosby’s cases are pending.

December 2020

Hassan Kanyike was charged with wire fraud. The Government alleged that Mr. Kanyike submitted several fraudulent loan applications seeking over $1.8 million in COVID-19 relief funds, of which he received $1.3 million. The case was brought in Los Angeles, California. Mr. Kanyike has pleaded guilty. He is currently scheduled for sentencing in August 2021.

Austin VanScoyk and Samuel Fiedler were charged with conspiracy to commit wire fraud. The Government alleged that Mr. VanScoyk and Mr. Fiedler conspired to submit fraudulent loan applications seeking almost $3 million in COVID-19 relief funds, of which they received around $1.2 million. The case was brought in Tucson, Arizona. Mr. Fiedler has pleaded guilty and is currently scheduled for sentencing in May 2021. Mr. VanScoyk has pleaded guilty and is currently scheduled for sentencing in June 2021.

November 2020

Jacinthia Williams was charged with one count of wire fraud. The Government alleged that that Ms. Williams submitted fraudulent loan applications seeking $137,500 in COVID-19 relief funds. The case was brought in Augusta, Georgia. Ms. Williams pleaded guilty. She was sentenced to 12 months and 1 day.

Scott Suber was charged with one count of bank fraud. The Government alleged that Mr. Suber submitted fraudulent loan applications and obtained $350,000 in COVID-19 relief funds. The case was brought in Norfolk, Virginia. Mr. Suber pleaded guilty to one count of bank fraud. He is scheduled to be sentenced in May 2021. Update -Mr. Suber was sentenced to 24 months.

Princess Terry was charged with wire fraud, making false statements to a bank, and money laundering. 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. The case was brought in Memphis, Tennessee. Ms. Terry was sentenced to 65 months in the prior healthcare fraud scheme. She has pleaded not guilty in the COVID-19 relief fraud case, and she is scheduled to go to trial in July 2021.

October 2020

Steven Goldstein was charged with fraud in connection with major disaster benefits. The Government alleged that Mr. Goldstein submitted fraudulent loan applications and obtained over $655,000 in COVID-19 relief funds. The case was brought in Los Angeles, California. Mr. Goldstein has pleaded guilty. His sentencing hearing is scheduled for June 2021.

Raymond Magana was charged with fraud in connection with major disaster benefits. The Government alleged that Mr. Magana submitted fraudulent loan applications seeking over $2 million in COVID-19 relief funds, obtained over $1 million. The case was brought in Los Angeles, California. Mr. Magana has pleaded guilty. His sentencing hearing is scheduled for July 2021.

Austin Hsu was charged with one count of wire fraud. The Government alleged that Mr. Hsu submitted fraudulent loan applications seeking $1.1 million in COVID-19 relief funds. The case was brought in Seattle, Washington. Mr. Hsu pleaded guilty to one count of wire fraud. He is scheduled to be sentenced in July 2021.

Stephen Smith was charged with two counts each of bank fraud and money laundering. 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 Milwaukee, Wisconsin. Mr. Smith pleaded guilty to one count of bank fraud. Mr. Smith pleaded guilty to one count of bank fraud. He was sentenced to 36 months in prison.

Thomas Smith was charged with bank fraud and money laundering. The Government alleged that Mr. Smith submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Mr. Smith pleaded guilty to one count of bank fraud. He is scheduled to be sentenced in July 2021. He is scheduled to be sentenced in June 2021. Update – Mr. Smith was sentenced to 57 months in prison.

Samuel Davis was charged with bank fraud and money laundering. The Government alleged that Mr. Davis submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Mr. Smith pleaded guilty to one count of bank fraud. Update – Mr. Davis was sentenced to 6 months in prison.

Robert Hamilton was charged with bank fraud and money laundering. The Government alleged that Mr. Hamilton submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Mr. Hamilton pleaded guilty to one count of bank fraud.. He is scheduled to be sentenced in June 2021.

Jonathan Henley was charged with bank fraud. The Government alleged that Mr. Henley submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. The case was brought in Milwaukee, Wisconsin. Mr. Henley pleaded guilty to one count of bank fraud. The sentencing hearing has not been scheduled yet.

Richard Ayvazan, Marietta Terabelian, Artur Ayvazyan, Tamara Dadyan, Manuk Grigoryan, Arman Hayrapetyan, Edvard Paronyan, and Vahe Dadyan were charged with conspiracy to commit bank and wire fraud, wire fraud, bank fraud, conspiracy to commit money laundering, and money laundering. The Government alleged that the defendants conspired to submit over 150 fraudulent loan applications seeking almost $22 million in COVID-19 relief funds. The case was brought in Los Angeles, California. Richard Ayvazan, Marietta Terabelian, Artur Ayvazyan, and Vahe Dadyan were found guilty after a jury trial and are awaiting sentencing. The other defendants pleaded guilty and are awaiting sentencing.

Didier Kindambu was charged with multiple counts of bank fraud, money laundering, and making false statements. The Government alleged that Mr. Kindambu submitted fraudulent loan applications and obtained over $2.5 million in COVID-19 relief funds. The case was brought in Alexandria, Virginia. Mr. Kindambu pleaded guilty to one count of bank fraud. He is scheduled to be sentenced in August 2021.

September 2020

Tristan Pan was charged with wire fraud, bank fraud, and money laundering. The Government alleged that Mr. Pan submitted fraudulent loan applications seeking over $6 million in COVID-19 relief funds. The case was brought in Raleigh, North Carolina. Mr. Pan has pleaded not guilty, and the case is pending.

Michael Moller was charged with bank fraud and making false statements to the SBA. The Government alleged that Mr. Moller submitted several fraudulent loan applications seeking over $4.7 million in COVID-19 relief funds. Mr. Moller has a prior conviction for fraud. The case was brought in Providence, Rhode Island. Mr. Moller has pleaded guilty and is currently scheduled for sentencing in June 2021.

Dinesh Sah was charged with several counts of wire fraud, bank fraud, and money laundering. The Government alleged that Mr. Sah submitted several fraudulent loan applications seeking approximately $24.8 million in COVID-19 relief funds. The case was brought in Dallas, Texas. Mr. Sah had pleaded guilty. His sentencing date has not been scheduled yet.

Joshua Bellamy was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. The Government alleged that Mr. Bellamy, an NFL player, worked with several others to submit fraudulent loan applications seeking more than $24 million in COVID-19 relief funds, and that Mr. Bellamy obtained $1.2 million as a result. The case was brought in Miami, Florida. Mr. Bellamy has pleaded not guilty. His case is pending.

Lola Kasali was charged with making false statements to a financial institution and bank fraud. The Government alleged that Ms. Kasali submitted fraudulent loan applications and obtained more than $1.9 million in COVID-19 relief funds. The case was brought in Houston, Texas. Ms. Kasali has pleaded not guilty, and the case is pending.

Tiara Walker was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. 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 case was brought in Miami, Florida. Ms. Walker has pleaded guilty. Her sentencing is scheduled for June 2021.

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. The case was brought in Newark, New Jersey. Mr. Choi has pleaded not guilty, and the case is pending.

August 2020

Antonio George was charged with wire fraud. The Government alleged that Mr. George submitted fraudulent loan applications seeking over $3.1 million in COVID-19 relief funds. The case was brought in Detroit, Michigan. Mr. George has pleaded not guilty, and the case is pending.

Brandon Lewis was charged with two counts of wire fraud and one count of making false statements. 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 Greensboro, North Carolina. Mr. Lewis pleaded guilty to all of the counts. He was sentenced to 63 months in prison.

Latoya Stanley and her partner, Johnny Philus were both charged with conspiracy to commit wire fraud. The Government alleged that Ms. Stanley and Mr. Philus submitted fraudulent loan applications seeking over $1 million in COVID-19 relief funds. The case was brought in Miami, Florida. Both Ms. Stanley and Mr. Philus have pleaded guilty. Update – Ms. Stanley was sentenced to 18 months in prison, and Mr. Philus was sentenced to 30 months in prison.

Kyle Brenizer was charged with several counts of wire fraud, money laundering, and aggravated identity theft. The Government alleged that Mr. Brenizer submitted fraudulent loan applications and obtained $841, 000 in COVID-19 relief funds. The case was brought in Minneapolis, Minnesota. Mr. Brenizer has pleaded not guilty, and the case is pending.

Brandon Casutt was charged with making false statements to a bank, wire fraud, bank fraud, and money laundering. The Government alleged that Mr. Casutt submitted fraudulent loan applications and obtained $500,000 in COVID-19 relief funds. The case was brought in Las Vegas, Nevada. Mr. Casutt pleaded not guilty, and the case is pending.

Damion McKenzie and Keyaira Bostic were charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank 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. The case was brought in Miami, Florida. Mr. McKenzie and Ms. Bostic have pleaded not guilty, and their cases are pending.

Andre Clark was charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. The Government alleged Mr. Clark participated in a conspiracy with others that involved submitting fraudulent loan applications seeking a total of $24 million in COVID-19 relief funds. The case was brought in Miami, Florida. Mr. Clark has pleaded not guilty, and his case is pending.

July 2020

David Hines was charged with wire fraud, making false statements to a lending institution, bank fraud, and money laundering. The Government alleged that Mr. Hines submitted fraudulent loan applications and obtained approximately $3.4 million in COVID-19 relief funds. The case was brought in Miami, Florida. Mr. Hines pleaded guilty to wire fraud. Update – Mr. Hines was sentenced to 78 months in prison.

Kenneth Gaughan was charged with bank fraud, theft of government funds, wire fraud, and money laundering. The Government alleged that Mr. Gaughan submitted fraudulent loan applications seeking approximately $2.1 million in COVID-19 relief funds. The Government has also indicted Mr. Gaughan in a separate, unrelated case involving allegations that he defrauded his employer. The case was brought in Washington, D.C. Mr. Gaughan has not yet been indicted on the COVID-19 relief fraud case.

Mukund Mohan was charged with several counts each of wire fraud and money laundering. The Government alleged that Mr. Mohan submitted fraudulent loan applications seeking over $5.5 million in COVID-19 relief funds. The case was brought in Seattle, Washington. Mr. Mohan pleaded guilty to wire fraud and money laundering. He is scheduled to be sentenced in July 2021.

Andrew Marnell was charged with three counts of bank fraud. The Government alleged that Mr. Marnell submitted fraudulent loan applications and obtained over $9 million in COVID-19 relief funding. The case was brought in Los Angeles, California. Mr. Marnell has pleaded not guilty, and his case is pending.

Joshua Argires was charged in a criminal complaint with making false statements to a financial institution, wire fraud, bank fraud, and money laundering. The Government alleged that Mr. Argires submitted fraudulent loan applications and obtained more than $1.1 million in COVID-19 relief funds. The case was brought in Houston, Texas. Mr. Argires was released on bond and has not been indicted yet. 

Ganell Tubbs was charged with two counts of bank fraud, loan application fraud, and money laundering. The Government alleged that Ms. Tubbs submitted fraudulent loan applications and obtained almost $2 million in COVID-19 relief funds. The case was brought in Little Rock, Arkansas. Ms. Tubbs pleaded guilty to one count of bank fraud. She was sentenced to 41 months in prison.

June 2020

Oludamilare Olugbuyi was charged with making false statements to a bank. The Government alleged that Mr. Olugbuyi submitted fraudulent loan applications seeking $400,000 in COVID-19 relief funds. The case was brought in Washington, D.C. The Government has dismissed the complaint against Mr. Olugbuyi in order to continue its investigation and possibly bring an indictment against him.

Eric Shibley was charged with wire fraud, bank fraud, and money laundering. The Government alleged that Dr. Shibley submitted fraudulent loan applications seeking over $3 million in COVID-19 relief funds. The case was brought in Seattle, Washington. Dr. Shibley has pleaded not guilty. Trial has been scheduled for November 2021.

Wyleia Williams, James Stote, Deon Levy, and Ross Charno were charged with conspiracy to commit wire fraud and bank fraud, wire fraud, and bank fraud. 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. The case was brought in Cleveland, Ohio. The defendants have pleaded not guilty, and their cases are pending

Nadine Jackson was charged with wire fraud and making false statements. The Government alleged that Ms. Jackson submitted fraudulent loan applications seeking $2.5 million in COVID-19 relief funds. The case was brought in Dayton, Ohio. Ms. Jackson pleaded to both counts. She was sentenced to 24 months in prison.

Jase Gautreaux was charged with making false statements to a financial institution, bank fraud, wire fraud, and money laundering. The Government alleged that Mr. Gautreaux submitted fraudulent loan applications seeking over $13 million in COVID-19 relief funds. The case was brought in Houston, Texas. Mr. Gautreaux pleaded guilty to one count of making false statements to a financial institution. He is scheduled to be sentenced in June 2021.

Elijah Buoi was charged with wire fraud and making false statements to a bank. The Government alleged that Mr. Buoi submitted fraudulent loan applications seeking more than $13 million in COVID-19 relief funds. The case was brought in Boston, Massachusetts. Mr. Buoi has pleaded not guilty, and his case is pending.

Tarik Jaafar was charged with conspiracy against the United States and conspiracy to commit wire fraud. The Government alleged that Mr. Jaafar submitted fraudulent loan applications seeking $6 million in COVID-19 relief funds. The case was brought in Alexandria, Virginia. Mr. Jaafar pleaded guilty to one count of conspiracy against the U.S. He was sentenced to 12 months in prison.

Monika Jaworska was charged with conspiracy to commit bank fraud and conspiracy to commit wire fraud. The Government alleged that Ms. Jaworska submitted fraudulent loan applications seeking $6 million in COVID-19 relief funds. The case was brought in Alexandria, Virginia. Ms. Jaworska pleaded guilty to one count of conspiracy to commit bank fraud. She was sentenced to time served, approximately 3 months in prison.

Fahad Shah was charged with wire fraud, making false statements to a bank, and money laundering. The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $3 million in COVID-19 relief funds. The case was brought in Sherman, Texas. The Government has recently filed a notice stating that Mr. Shah has entered a plea agreement with the Government, but a change of plea date or sentencing hearing have not yet been scheduled.

Rahul Shah was charged with bank fraud, making false statements on a loan application, and identity fraud. The Government alleged that Mr. Shah submitted fraudulent loan applications seeking more than $400,000 in COVID-19 relief funds. The case was brought in Chicago, Illinois. Mr. Shah has pleaded not guilty. The case is pending.

Benjamin Hayford was charged with bank fraud and four counts of making false statements to a financial institution. The Government alleged that Mr. Hayford submitted fraudulent loan applications seeking $8 million in COVID-19 relief funds. The case was brought in Tulsa, Oklahoma. Mr. Hayford pleaded guilty to all of the counts. He was sentenced to 24 months in prison.

May 2020

Joseph Cherry was charged with wire fraud, theft of government property, making false statements to influence the SBA, and money laundering. The Government alleged that Mr. Cherry submitted fraudulent loan applications and obtained $190,000 in COVID-19 relief funds. The case was brought in Newport News, Virginia. Mr. Cherry pleaded guilty to one count of wire fraud and one count of theft of government property. He was sentenced to 51 months in prison.

William Sadleir was charged with wire fraud, making false statements to a bank, bank fraud, and money laundering. The Government alleged that Mr. Sadleir, a film executive, submitted fraudulent loan applications seeking $1.7 million in COVID-19 relief funds. The case was brought in Los Angeles, California. Mr. Sadleir has pleaded not guilty. The case is currently scheduled for trial in July 2021.

Maurice Fayne was charged with wire fraud, conspiracy to commit wire fraud, bank fraud, false statements on a loan application, money laundering, and identity fraud. The Government alleged that Mr. Fayne used his trucking business to fraudulently induce individuals to invest in his company and that he also submitted a fraudulent loan application seeking $3.7 million in COVID-19 relief funds. The case was brought in Atlanta, Georgia. Mr. Fayne pleaded not guilty, but the case has been scheduled for a change of plea hearing in May 2021.

David Staveley and David Butziger were charged with conspiracy to commit bank fraud, conspiracy to make false statement to the SBA, conspiracy to commit bank fraud, and bank fraud. Mr. Staveley has also been charged separately with aggravated identity theft and failing to appear in court when required. The Government alleged that the two businessmen submitted fraudulent loan applications seeking over $500,000. The case was brought in Providence, Rhode Island. Mr. Butziger has pleaded guilty, and his sentencing is scheduled for June 2021. Mr. Staveley has pleaded not guilty, and his case is pending.