Switch to ADA Accessible Theme
Close Menu
Tampa Car Accident Lawyer
FREE Consultations Available
Tampa Car Accident Lawyers > Blog > Criminal Defense > Florida Man Pleads Guilty To PPP Fraud

Florida Man Pleads Guilty To PPP Fraud


Theft from government programs that provide funds for disaster relief is one of the most heavily prosecuted forms of fraud there are. The federal government vigorously prosecutes these cases, and as the law is written, it makes it a much worse crime to defraud disaster relief programs than other forms of fraud. In this case, a Florida man has pleaded guilty to defrauding the federal government’s PPP program of over $4 million.

According to federal authorities, he unlawfully obtained the proceeds by submitting 21 fraudulent Payroll Protection Program loans on behalf of at least nine “purported” businesses. The defendant was accused of falsifying information to secure the loans including how many employees the purported companies had. The money was then placed in brokerage accounts where it was used to make losing trades.

The defendant pleaded guilty to one count of wire fraud and another count of money laundering. If convicted, he faces federal felony enhancements that could push his sentence up to 30 years.

Taking a look at the charges 

Fraud charges add up quickly. In this case, the defendant pleaded guilty to one count of wire fraud and another count of money laundering, but each individual fraudulent application could have been charged as fraud. That would have ended up putting the defendant in a position where he was facing charges that would go well over 100 years quite quickly.

In sending 21 fraudulent applications, the defendant committed 21 counts of wire fraud. If you add up each of those with a 5-year penalty, you’re into the 100-year range and we haven’t even started adding up money laundering, forgery, and the other crimes that could have been charged.

Nonetheless, this defendant has managed to negotiate a 30-year cap on a sentence that could have gone on for hundreds of years. In a case like this, the prosecution is most interested in ensuring that the most serious charges stick.

PPP and coronavirus relief fraud 

As soon as the government announced the PPP loans and other relief programs, fraudsters were trying to figure out ways to get extra money from the government. While the government disbursed the funds without asking too many questions, they have been reviewing all requests related to PPP funds and coronavirus relief money. This means they’re going back and reviewing all of the records related to requests. While many of the most egregious cases are now being prosecuted, many more that have either flown under the radar or don’t represent $4 million in losses are still being investigated. That means that the vast majority of these cases have yet to be filed.

Talk to a Tampa Federal Criminal Defense Attorney 

The Matassini Law Firm handles criminal defense cases filed by the federal government. If you are facing federal charges, call our Tampa criminal lawyers today and we can begin preparing your defense immediately.



Facebook Twitter LinkedIn

The experience you need in your pursuit of justice

The greatest distinguishing feature among attorneys is their level of experience. Our firm has more than 60 years of legal experience, much of it spent in the courtroom at trial. As a result, our Tampa personal injury lawyers rarely encounter an unfamiliar situation and can thoroughly answer your urgent questions. Our criminal defense practice features a board certified criminal trial lawyer and two former prosecutors with impressive knowledge of trial tactics and procedures.

The resources to provide quality representation for the length of your case

Whether your case involves medical malpractice, an auto accident or a wrongful death, your attorney must be prepared to take the case all the way through trial to verdict. Many personal injury attorneys advance the cost of litigation, so they can only last so long before financial pressures start to mount. As a client, you have to wonder whether an attorney's advice to settle your case reflects the quality of the offer or your attorneys need to get paid. Fortunately, The Matassini Law Firm has the resources to pursue civil verdicts and settlements that reflect the actual value of your case.

Call our Tampa Bay car accident lawyers for a free consultation

A crisis in your life calls for capable and compassionate assistance. The Matassini Law Firm, P.A. addresses your needs all the way through the legal process. For your free initial confidential conference with one of our Tampa car accident attorneys, call us today at 813-217-5715 or contact us online.

Share This Page:
Facebook Twitter LinkedIn
Toll Free
2811 W. Kennedy Blvd., Tampa, Florida 33609