A Nevada woman is facing federal charges on allegations that she fraudulently attempted to obtain over $1 million in Paycheck Protection Program (PPP) loans.
The 50-year-old woman from Las Vegas allegedly submitted half a dozen different loan applications in which she included false information. Investigators say the statements were made about her business, alleging that it had paid millions in payroll in the last year.
However, investigators say her business had paid no such total last year. The business, which did not have a valid corporate registration, had also not filed taxes last year, despite documents submitted along with the six applications that purported to be tax returns showing that they paid $2.9 million in employee wages.
Upon her arrest, the federal government seized almost $600,000 in assets, making up the majority of the cash that had been disbursed by lenders to that point. Most of it was in the bank account of another of her companies, with some amount having allegedly been spent on a Mercedes-Benz SUV.
The defendant was charged by criminal complaint in the District of Nevada last week with one count of bank fraud and one count of making false statements to a financial institution. No date for trial has 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. Conact our office today to discuss your Tampa Bay-area state or federal charges.