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A guy from Baltimore is going through federal rates for allegedly submitting fraudulent aid loan applications and thieving the identification of a tax preparer.
Baltimore Person Indicted on Costs He Faked PPP Financial loan and EIDL Bank loan Software
The 37-yr-outdated defendant, Dana Lamar Antonio Hayes Jr., is alleged to have submitted falsified tax documents, fraudulent economic disaster reduction loan purposes and CARES Act paycheck application defense loan purposes on behalf of his not too long ago revived corporation. The federal grand jury returned the indictment for the federal prices of wire fraud, revenue laundering and aggravated identification theft.
Unsealed Indictment Returned
The six-count indictment mentioned that involving March 2020 and Oct 2021, Hayes submitted quite a few fraudulent Financial Injury Catastrophe Aid financial loan software (EIDL mortgage). He also submitted quite a few Paycheck Security System loan programs (PPP financial loans) to the Smaller Enterprise Administration (SBA) and two economical establishments mentioned as unnamed financial institutions.
The indictment was announced by United States Lawyer for the District of Maryland Erek L. Barron, together with Unique Agents in Charge Thomas J. Sobocinski of the FBI and Darrell J. Waldon of the IRS.
Accused ‘Regularly Contacted the SBA’ for Mortgage Acceptance
A statement produced by the Office of Justice went into even further depth about the situation, declaring: “Specifically, the indictment alleges in March 2020, Hayes submitted a fraudulent EIDL bank loan application on behalf of his formerly forfeited and a short while ago revived enterprise, D&L Financial commitment Properties Inc. The EIDL personal loan application allegedly contained false statements relating to the amount of workers and payroll expenses of D&L.
“On the foundation of bogus and fraudulent info, the SBA accredited Hayes’s EIDL software and supplied Hayes personal loan funds on behalf of D&L. The indictment also alleges that Hayes claimed to have corporation expenditures of $15,000 and machines fees of $35,000 when the corporation had been inactive due to the fact 2019. Moreover, inside of the EIDL application, Hayes allegedly mentioned that he was not on probation at the time of the filing.
“As alleged in the indictment, immediately after the SBA initially denied Hayes’ EIDL application, he allegedly frequently contacted the SBA to have his EIDL application accepted. Once the application was authorized and the money were deposited into D&L’s bank account, Hayes allegedly transferred all of the mortgage proceeds from D&L’s lender account into his personal price savings account.”
The assertion also noted that the indictment alleges that Hayes made use of the identify and Preparer Tax Identification amount of an unnamed victim to submit fraudulent bank sorts with out the victim’s expertise or consent. The target had been earlier employed by Hayes to put together D&L and Hayes’ individual tax returns, but now claims that they hardly ever well prepared selected varieties for D&L at all. Federal information also indicate no these kinds of types had been at any time submitted.
Multiple Achievable Sentences for Fraudster
Hayes faces a maximum sentence of twenty years in federal prison for the demand of wire fraud, additionally ten years in federal jail for cash laundering. If convicted, he will also incur a required two yrs in federal jail for aggravated id theft, to be served just before commencing any other sentence.
Federal crimes do not generally acquire the maximum penalties, even so, and the federal district courtroom judge will use the U.S. Sentencing Tips and other statutory components to ascertain the actual sentence.
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Picture: Depositphotos
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