A former U.S. Agency for International Development (USAID) employee pled guilty in federal court to charges stemming from a Coronavirus Aid, Relief, and Economic Security (CARES) Act scheme that enabled him to illegally obtain more than $176,000. The 55-year-old Waldorf, MD, man pled guilty to wire-fraud charges in connection with the scheme.
According to the guilty plea, beginning in April 2020, and continuing until November 2021, The Waldorf resident knowingly and willfully engaged in a scheme to defraud the SBA. He admitted he submitted, or caused the submission of, multiple fraudulent PPP and EIDL applications. Additionally, through this scheme, he caused the deposits of EIDL and PPP benefits into bank accounts he controlled.
In furthering the fraud scheme, he used fabricated documents in support of his fraudulent PPP and EIDL applications. He submitted at least five false loan applications to obtain EIDL and PPP benefits, along with loan forgiveness, including fraudulent IRS Schedule C Forms and false attestations regarding the existence of sole proprietorships.
None of the businesses he listed on the applications had significant employees, office space, revenues, costs of goods sold, or business operations. He admitted he used the PPP and EIDL proceeds for improper personal purposes, such as car and housing payments, along with grocery costs.
He faces a maximum sentence of 20 years in federal prison for wire fraud. Source: https://www.justice.gov/usao-md/