The kennels already ran. This docket is PPP and EIDL.
Justice Department, National Fraud Enforcement Division, Sept. 14: Operation No Doze, a summer Heartland Fraud Surge with the SBA and SBA-OIG. Window: June 12 to Sept. 1. 44 U.S. Attorneyโs Offices. Felony charges against nearly 80 defendants for about $100 million in intended loss on COVID-era SBA loans. About 43 defendants pleaded guilty, about $44 million intended. About 40 were sentenced, nearly $100 million intended. Together: more than 160 criminal defendants and about $245 million in intended loss.
Notable allegation: Jamie Gray, Western District of Missouri โ $55,931,875 intended, wire fraud and money laundering. Prosecutors: PPP and EIDL applications claiming dozens of pre-pandemic businesses; all but one allegedly not operating on or before Feb. 15, 2020. The one that existed, โFur Lives Matter,โ a Texas company, allegedly had no knowledge of Gray.
Northern District of Iowa: Adrian Rafael Pupo Perez and Helen Yaima Leyva Santiesteban, 47 counts, July 9 indictment. Alleged: about 470 fraudulent PPP applications in more than 100 names, more than $4.5 million sought, about $2.4 million disbursed. DOJ: both are fugitives.
SBA Administrator Kelly Loeffler separately cited 870,000 suspended borrowers tied to $39 billion in suspected PPP and COVID EIDL activity. That is an SBA figure, not a verdict. DOJ: an indictment is an allegation. Defendants are presumed innocent until proven guilty.
What this means for you
If you needed Gainesville, that was 1 p.m. If you needed 80 convictions, this file does not have them. If the week is too heavy, 988.
Bottom line: $245 million intended. Nearly 80 new charges. Not 80 guilty.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
