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Maryland Chapter 21 of Association of Certified Fraud Examiners

Hagerstown Man Facing Federal Charges For Allegedly Falsifying Documents In Order To Obtain COVID Funds. Used Funds to Purchase Stocks

24 Sep 2021 11:13 PM | Anonymous

According to the affidavit filed in support of the criminal complaint, on May 1, 2020 Bearden electronically signed falsified documents attesting to inaccurate statements in order for his company, B&D Consulting, to receive $734,609.00 through the PPP for use in paying business costs consisting primarily of employee salaries. At that time, the company had no employees, nor reported paying any earnings and wages for any employee to the Maryland Department of Labor and Licensing (DLLR) in 2020. Source: US Attorney, District of Maryland

Maryland Chapter 21 of Association of Certified Fraud Examiners

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