We are essential, and so are you! Our firm is still open for business and accepting new clients. To protect your safety in response to the threats of COVID-19, we are offering new and current clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options.
Free Consultation
727-315-1685

Arkansas Man Facing Federal Felony Charges After Allegedly Attempting To Defraud The SBA Of $8 Million

money-2328715_640.jpgA man in Arkansas was charged in Federal court last week with fraud based on accusations by investigators that he tried to obtain an $8-million loan under the Payment Protection Plan using false information.

Federal prosecutors say the 32-year-old man attempted to secure the loans from several banks by telling each that he had payroll expenses that he didn't in fact have. Not only allegedly filling in the forms with fraudulent information, investigators say he fabricated fictional supporting documentation with false payroll information.

In addition to falsifying payroll amounts, the defendant allegedly lied about the entity requesting the funds. In the paperwork submitted to the banks, the defendant allegedly claimed a partnership entity he used to employ people was formed in January of this year. However, investigators say the entity was not formed until a few days prior to the loan applications.

The defendant is facing federal charges of wire fraud, bank fraud, making false statements to a financial institution, and making false statements to the SBA. The case will be prosecuted in the Northern District of Oklahoma, but no dates have yet been set.

The Law Offices of Bjorn Brunvand have been representing people charged with capital murder, felony drug charges, drunk driving, government fraud, and white-collar crimes for over a quarter century. Contact our office today to discuss your Tampa Bay-area state or federal charges.

No Comments

Leave a comment
Comment Information

Member of The Following Legal and Practice Organizations

  • American inns of court
  • norml
  • National association of criminal defense lawyers
  • Clearwater bar association
  • Florida Association of Criminal Defense Lawyers

Let Us Help You

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Clearwater Office
615 Turner Street
Clearwater, FL 33756

Phone: 727-315-1685
Phone: (727) 446-7505
Fax: 727-446-8147
Clearwater Law Office Map

Tampa Office
1710 N. 19th Street
Unit #210
Tampa, FL 33605

Phone: 727-315-1685
Map & Directions

Please Direct All Correspondence to the Clearwater Office