One defendant was so brazen he allegedly posted a rap video online flashing $100 bills. Chain Pizza Owner Charged With PPP Fraud (Michigan November 12), 65. Bern Benoit, 45, of Burbank, California, pleaded guilty on March 11, 2021 to one count of conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by his business, Transportation Management Services Inc. Benoits sentencing is set for September 8, 2021 before Judge J.P. Boulee. Kindambu made some expensive personal purchases that authorities say were not permissable under the loan terms, including the plane the Lexus. The former manager of the San Francisco Hilton allegedly embezzled from the hotel in a kickback scheme going back to 2013. Encompassing multiple states, authorities said the individuals took advantage of the Paycheck Protection Program and the Economic Injury Disaster Laon, using made-up businesses to file fraudulent loan applications for upwards of $10,000 for that did not have to be repaid under some circumstances. Stephen J. Cox, the U.S. Attorney for the Eastern District of Texas, wrote in an op-ed in Texas Lawyer: Rest assured that we will be careful not to discourage legitimate businesses from accessing the important financial resources that Congress made available through the CARES Act. Nor, will we seek out applicants who made technical mistakes in processing paperwork or honestly misunderstood regulatory or certification requirements. Fake IRS filings. The Justice Department is hot on their trail. In fact, the majority (68%) of the loans were under $50,000, which sounds right for most small businesses which tend to be pretty small, and the self-employed. Attila Colar allegedly used several aliases in a scheme to illegally get $22 million from the PPP. A locked padlock Our focus is on fraud.. Providing false statements to gain access to SBAs programs will be aggressively investigated by our office, said Hannibal Ware, Inspector General of the U.S. Small Business Administration, in a statement. He allegedly received $17.3 million and spent the money on a Bentley convertible as well as sending millions of dollars abroad. Adarin Jones, a/k/a Adrian Jones, 42, of Atlanta, Georgia. Have a question about Government Services? Another report by the SBA OIG found tens of thousands of examples of companies that received PPP loans ineligibly. We have not conducted an exhaustive review of every sentence that federal courts have already imposed in PPP loan fraud cases as of November 15, 2021. He allegedly used some of the cash to pay off $80,000 in personal credit cards and a $40,000 car loan. High-Living Florida Man (Florida July 27), 29. He then went on a luxury buying blitz acquiring a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck, and real estate according to allegations. Most of the funds are going to help the nations 31 million small businesses. What are the Red Flags for PPP Loan Fraud? Nurse Charged for Defrauding COVID-19 Relief Programs (Florida January 8, 2021), 78. A lock ( This means you have to be just as scrupulous when applying for forgiveness as when you applied for the loan initially. They do not appear to be honest mistakes. Lastly, along with all of the red flags for PPP loan fraud discussed above, there are various other issues that can tip off federal authorities during audits and investigations as well. Woman Achieves Distinction as 50th Defendant Charged with PPP Fraud (Florida September 3), 46. An official website of the United States government. Attorney Buys Million Dollar Home (New Jersey September 2), 45. While the government is helping those in need, law enforcement is swiftly addressing these vulnerabilities. No one under pressure of this pandemic wants to fumble on a technicality while legitimately trying to pay employees and keep their lifes work afloat. (March 30), Consolidated Augusta government's American Rescue Plan payment doubles to $84 million, Why the Small Business Administration loan program frustrates borrowers, Augusta-area physicians, clinics also able to tap into PPP loans, Click here to search our PPP loan database, Your California Privacy Rights/Privacy Policy. What are the Red Flags for PPP Loan Fraud? Breast Ultrasound Screening Coming Direct to You! The defendants allegedly participated in an extensive nationwide scheme in exchange for illegal kickbacks of portions of the loan proceeds, said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Departments Criminal Division in a statement. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. You can also check to see how many workers companies receiving the assistance said they kept on the payroll. IT Services Company Owner (Massachusetts June 22), 15. Its bad enough when one person tries to defraud taxpayers. Find an attorney to defend youhttps://lawyers.findlaw.com/lawyer/practice/white-collar-crimes (PPP) and Economic Injury Disaster Loan (EIDL) COVID-19 relief funds. Joshua Thomas Argires of Houston was arrested on various fraud charges. Jean R. Lavanture of Saugerties was arrested for bank fraud for allegedly obtaining $5 million in government-backed loan for companies that had neither employees nor income in recent years. Then turns around and starts writing checks to Lamborghini dealerships. The complaint alleges he ultimately received a loan for over $1 million. Court documents identify 3 confidential human sources, i.e., informants. She is alleged to have obtained nearly $600,000. He allegedly lied about not being under criminal charges he in fact was under indictment for a bribery scheme. Nationwide Federal Defense, Compliance and Litigation. So youre really that miserable that you would call and report someone ? Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence . These Local Counsel may assist the Firm on a case-by-case basis, operate their own respective law firms, are independent of Firm, and are not partners, owners, of counsel, or employees of Firm. The pair are charged with submitting 18 fraudulent Paycheck Protection applications with false payroll tax returns, and receiving $1.4 million. We will not punish companies that accessed stimulus funds in good faith compliance with the rules. He ultimately received over $2 million but the government seized $1.98 million from business bank accounts. The impact of COVID-19 on small businesses around the country has been devastating, said Acting U.S. Attorney Kurt R. Erskine. Clients and prospective clients should be aware that when referencing to Firm's experience, this experience may combine the knowledge and experience of both Firm and its frequently used Local Counsel in the aggregate. The technical storage or access that is used exclusively for anonymous statistical purposes. Sadleir was Executive Producer on films like, Baoke Zhang, a software engineer at ride share company Lyft, is charged with wire and bank fraud. Darrell Thomas, 35, of Duluth - pleaded guilty on June 16, 2021 to one count of conspiracy to commit bank fraud and wire fraud and one count of money laundering. Authorities seized the yacht, car, and various bank and investment accounts. Although the amount of the loans, $9,400 and $20,800, are not as large as some on the list, United States government agencies are not giving them any slack. Have a question about Government Services? [SIGN UP: WSB-TV Daily Headlines Newsletter]. U.S. Attorney's Office, Northern District of Georgia, Former U.S. The case was brought in Los Angeles, California. Former Police Officer Sentenced For Money Laundering. Rodericque Thompson allegedly recruited Micah Baisden, Travis Crosby, Keith Maloney, Tabronx Smith, and Thomas Wilson to apply for PPP loans on behalf of their respective business, per law enforcement. Terry was sentenced to 65 months in federal prison for other cases. Allegedly Hsu applied in the names of current and former employees, and incorporated a fake company also. Gaughan is also charged separately with allegedly embezzling $472,000 from the Catholic Archdiocese of Washington, D.C. where he previously worked. Thomas is from Duluth. Richard B. Russell Federal Building Gwinnett County man accused fraudulently filing for millions in PPP loans This comes as federal prosecutors in Georgia continue to make new arrests for PPP fraud. Abramovs allegedly got nearly $2 million from seven lenders. In that same time frame, Lawson allegedly submitted 11 fraudulent PPP loan applications on behalf of many of the same individuals in an attempt to obtain at least $224,000. Obtaining more than one PPP loan (or stacking PPP loans) is prohibited, and companies that applied with multiple lenders could face allegations for attempting to stack PPP loans. Like with compliance program documentation, inadequate documentation of PPP loan expenditures will be viewed as a red flag for fraud, and it can place companies in a hard position when it comes to defending against federal fraud allegations. Jae H. Choi, a licensed attorney in New Jersey, was charged with getting $9 million in PPP funds from three different lenders, based on fabricated employees and forged documents. The complaint also states he was convicted of four counts of bank robbery and fraud previously. A .gov website belongs to an official government organization in the United States. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. We have a new Administration in Washington, but government officials in the Justice Department have not signaled a change in enforcement policy. ("Firm") works with affiliated lawyers (referred to as "Local Counsel") in various cities and states across the United States. He spent $29,ooo on a Harley Davidson. Use our searchable database to see who in Georgia received funds. 17 Mtskheta str . The PPP promissory note you signed will have the terms applicable to you. According to prosecutors, the defendants allegedly submitted, or assisted in submitting, PPP loan applications for 14 businesses between April and August 2020. Thissearchable website looks at which companies got money from last year's federal program to help businesses retain their workers amid the pandemic economic shutdown. Agriculture, Forestry, Fishing and Hunting. Sum of Forgiven Amount. He claimed to have 400 employees but actually had zero. She deposited the proceeds into four bank accounts, but that didnt hide it from authorities who seized her ill-gotten gains. Call 888-680-1745 for Central Intake with Dr. Nick Oberheiden Criminal Law & Process, PPP fraud What are the Red Flags for PPP Loan Fraud? He got up to $5.7 million in loans. Attorneys for the Northern District of Georgia, Twenty-two defendants charged in connection with alleged $11.1 million Paycheck Protection Program fraud scheme, https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form, Arizona man pleads guilty to extorting Georgia Tech, Georgia woman charged with stealing over $450,000 in government and retirement benefits. Subsequently, upon receiving PPP loans (or, ideally, in anticipation of receiving a PPP loan), companies should adopt policies and procedures that are designed to ensure continual PPP compliance. A Cessna Aircraft and a Lexus (Virginia October 20), 59. He allegedly blew through about $200,000 in Las Vegas casinos, where he was caught on surveillance cameras at a Bellagio blackjack table. Man Uses Forgery to Get EIDL and PPP Loans (North Carolina August 25), 38. Based on the investigation, none of the companies allegedly engaged in any business-related transactions or used the PPP loan proceeds for any authorized purposes. Copyright 2003 - 2023, Small Business Trends LLC. Call 888-680-1745 for Central Intake with Dr. Nick Oberheiden, https://lawyers.findlaw.com/lawyer/practice/white-collar-crimes, https://lawyers.findlaw.com/lawyer/practice/business-commercial-law, https://www.sba.gov/funding-programs/loans/covid-19-relief-options/report-id-theft-fraud, https://bench.co/blog/operations/how-to-apply-first-ppp-loan/, https://www.schwabe.com/newsroom-publications-a-guide-to-the-sba-ppp-loan-forgiveness-review-process, request a free PPP risk assessment online, Anti-Counterfeiting & Brand Protection Attorneys. Game of Thrones Inspired These Fake Company Names (North Carolina September 29), 54. Its a scary thing for legitimate business owners to sign borrower certifications under potential penalties of fines and prison time. Then he allegedly used $689,000 to buy a luxury catamaran yacht. All information on this website has been prepared for informational purposes only and does not constitute legal advice. More than 15% of PPP loans had at least one indication of potential fraud. 1344) - Along with 18 U.S.C. Manhattan Businessman (New York May 21), 6. She allegedly claimed to have 73 employees at her Dayton private investigation company. He allegedly applied for two loans totaling $119,560 acting as owner of Altin Labs, Inc. Andre Gainess sentencing is set for October 6, 2021 before Judge J.P. Boulee. With that kind of speed, no program could be perfect. I was put on furlough for almost 2 months from mid April to end of June. He allegedly applied for $441,000 under the Federal Paycheck Protection program. Rocco A. Malanga, owner of a New Jersey small company, was charged with wire and bank fraud for falsifying records to obtain $1.8 million in PPP loans. Ganell Tubbs, the entrepreneur owner of Little Piglet Soap Company and Suga Girl Customs, an Etsy shop, is charged with fraudulently obtaining nearly $2 million in PPP loan. To date, a total of 22 individuals have been charged in connection with the fraudulent scheme. Two Men, Identity Theft and a Conspiracy (Rhode Island - May 5, 2020) David Staveley, aka Kurt D. Sanborn, and David Butziger were charged with conspiring to seek over $530,000 in PPP money. Trucking Company Owner (Utah July 8), 22. Charges were recently brought against several celebrities, entertainers and business leaders in Georgia for allegedly defrauding the Paycheck Protection Program for a total of more than $3. Florida Man Buys 40-foot Catamaran (Florida September 1), 43. Researchers estimate that $76 billion in PPP loan money was taken illicitly. The criminal complaint goes on to say Caraballo also received $55,000 in Economic Injury Disaster Loan (EIDL) relief. You can search and filter the list, but only flagged loans will be shown. The Department suggests that "criminal rings" are orchestrating this fraud, without providing any real details. This owner of a wedding planning company is charged with submitting two PPP applications, and claiming to have 120 employees when he actually had none. However, none of the businesses had any legitimate business with any of the businesses or accounts to which they sent the proceeds. Charles Petty a/k/a Charles Knight, 48, of Atlanta - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with the loan obtained by Transportation Management Services Inc. Jerry Baptiste, 43, of College Park - charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with the loan obtained by Transportation Management Services Inc. Charles Hill IV, 45, of Norcross - charged with conspiracy to commit wire fraud, wire fraud, and money laundering in connection with the loan obtained by his business, Infinite Education Services Inc. Teldrin Foster, 39, of Decatur - charged with conspiracy to commit wire fraud in connection with the loan obtained by Bellator Phront Group Inc. Denesseria Slaton, 52, of Stockbridge - charged with conspiracy to commit bank fraud and wire fraud in connection with the loan obtained by Transportation Management Services Inc. Carla Jackson, 53, of Tucker - previously charged by indictment on August 4, 2020 with money laundering in connection with laundering the proceeds of Gaines Reservation and Travels PPP loan. Luckily, the Feds have recovered a large part of the loan proceeds already, although millions is forever gone. After two banks declined, Rowberry allegedly said she would help him re-apply through a friend. When making use of PPP loan funds, companies should extensively document their expenditures in order to demonstrate that they have used their PPP loans for authorized purposes only. Sum of Initial Approval Amount. Search our database that is tracking this information. Assistant U.S. Attorney Miguel R. Acosta is prosecuting the case. Not consenting or withdrawing consent, may adversely affect certain features and functions. He received $593,590. He allegedly squandered thousands at strip clubs and nightclubs. So many businesses needed federal emergency assistance to stay afloat during a pandemic, and these defendants allegedly misdirected millions of dollars of that assistance money to their own pockets for luxury items, said Chris Hacker, Special Agent in Charge of FBI Atlanta. Sandra D. Smith has been arraigned on federal charges of wire fraud and theft of government funds. Antonio George of Michigan was charged in a criminal complaint with trying to obtain $3.1 million in PPP loans on behalf of 19 different companies. Darrell Thomass sentencing is set for September 15, 2021 before Judge J.P. Boulee. Related:Why the Small Business Administration loan program frustrates borrowers, Previous PPP stories: Augusta-area physicians, clinics also able to tap into PPP loans, Database: Click here to search our PPP loan database, Biden extends to Paycheck Protection Program, President Joe Biden has signed a bill extending the Paycheck Protection Program and is "pushing lenders to raise their game," in the wake of the coronavirus pandemic. Acting U.S. Attorney Kurt Erskine issued an update on his office's efforts to combat fraud related to schemes targeting the Paycheck Protection Program (PPP), a loan program created by Congress to help small businesses pay payroll, interest on mortgages, rent, and utilities during the COVID-19 pandemic. On March 27, 2020, Congress passed and President Trump signed into law the Coronavirus Aid, Relief, andEconomic Security(CARES)Act authorizing the low-interest, forgivable loans. Share sensitive information only on official, secure websites. Andre Lee Gaines, 67, of Dallas - pleaded guilty on June 17, 2021 to one count of making false statements to the FBI in connection with the loan obtained by his business, Gaines Reservation and Travel. Both are fraud. The charges reinforce our resolve to prosecute anyone who used pandemic relief funds for personal gain., So many businesses needed federal emergency assistance to stay afloat during a pandemic, and these defendants allegedly misdirected millions of dollars of that assistance money to their own pockets for luxury items, said Chris Hacker, Special Agent in Charge of FBI Atlanta. Heres a list of the PPP loan prosecutions to date: 1. Authorities seized the Range Rover, worth about $125,000, jewelry, $120,000 in cash, and $3 million from 10 bank accounts. Ex-Microsoft Executive (Washington July 23), 28. The charges allege the usual. 95% Success Rate. Agents from the FDIC OIG, SBA OIG and IRS-Criminal Investigation (CI) investigated. PPP Loan Fraud List | Who Got a PPP Loan? With few case-by-case exceptions, Firm's practice is limited to matters and questions of federal law and federal procedure. Following a nine-day trial, Ahamefule Aso Odus has been convicted by a federal jury on 12 counts of money laundering stemming from his role in a massive money laundering operation Northern District of Georgia You can also check to see how many workers companies receiving the assistance said they kept on the payroll. Three-State Ring (Georgia, Ohio and California August 6), 32. The Feds froze his bank account and recovered $402,000. John Gaines a/k/a Marty Gaines, 56, of Marietta, Georgia, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, false statements to a federally insured financial institution, and money laundering in connection with the loan obtained by Gaines Reservation and Travel. How to apply for a loan on your ownhttps://bench.co/blog/operations/how-to-apply-first-ppp-loan/ Melissa Turasky, a Chicago restaurateur, was charged with submitting a fraudulent PPP loan application to obtain more than $175,000 in a forgivable PPP loan. Are you or your company at risk for facing allegations of PPP loan fraud? Postal Inspectors are committed to aggressively pursuing investigations in which the U.S. Mails are used to facilitate criminal schemes.. Under the terms of the PPP, utilizing loan funds for personal expenses is expressly prohibited. Thissearchable website looks at which companies got money from last year's federal program to help businesses retain their workers amid the pandemic economic shutdown. So far, six people, including the schemes mastermind, Darrell Thomas, have pleaded guilty. Moller received close to $600K in stimulus PPP loan. Rob, have you reported that to the DOJ PPP fraud hotline? Here's a list of the PPP loan prosecutions to date: 1. 90 PPP Applications in This Fraud Ring (Ohio and Florida August 6), 33. Someone we know got 4 PPP loans, all under diff businesses, but almost certain he submitted all the same ppwk for each business. Joseph Cherry II of Virginia was indicted on 10 counts of COVID fraud and faces 10 to 30 years of prison time on each count. In April he allegedly obtained a PPP loan of $1.7 million by falsely certifying that GMP Cars had staff for whom it paid salaries and payroll taxes. In another case, a married couple was apprehended at JFK Airport allegedly attempting to flee the country after submitting 18 fraudulent PPP loan fraud applications. On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Distinction is a loose term for having the Justice Department and Assistant United States Attorney Brian C. Rabbitt call you out as the 5oth prosecution. I did too!! A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. The complaint states he applied on behalf of fake companies with names like White Walker, Khaleesi, and The Nights Watch. They allegedly filed fake tax documents to support the loan applications. They allegedly discussed their fraud in email and one assumed the identity of his own brother. He was arrested after he booked a same-day flight to Pakistan. Charged were: Darrell Thomas, Andre Lee Gaines and Carla Jackson of Georgia; Kahlil Gibran Green Sr. of Ohio; and Bern Benoit of California. He allegedly was caught on camera withdrawing cash. Six people were charged by indictment in this ring spanning two states. Melvin Stout, his wife Tiffany Acuff and sister Valerie Watson pleaded guilty to making a false statement and obtaining loans through Paycheck Protection Program. is headquartered in Dallas, Texas and it only maintains a fully equipped office in Dallas and Houston. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Feel free to share this infographic (attribution required) on your own site by copying and pasting the code below: Could these prosecutions involve nothing more than paperwork mistakes? In reality, however, none of the businesses had employees or payroll expenses. Martin Kao, the CEO of Navatek LLC (now known as Martin Defense Group LLC), was charged in a federal complaint with fraudulently obtaining $12.8 million in CARES Act loans. Along with Lawson and Quarterman, the federal indictment includes: Charges against the named co-conspirators include various counts of bank fraud, mail fraud, wire fraud, conspiracy to commit wire fraud, and money laundering for a total of approximately $714,000, prosecutors said. As part of the court-authorized search, law enforcement seized Quartermans cell phones and discovered a handwritten ledger with the personal and banking information of several individuals. Amanda Christian, 33, of Blythewood, South Carolina, is charged with conspiracy to commit bank fraud and wire fraud, bank fraud, wire fraud, and false statements to a federally insured financial institution in connection with her involvement in the loan obtained by her business, Advertising and Then Some Inc., and several other businesses loans. Its a wild tale. PRIDE Kickball Spring '23 League - Registration Deadline March 9th, Colony Roofers offers services in the Atlanta area, 5 Atlanta Area New Open Houses To Stop By, Jalen Carter Says He Will Be Cleared Of Wrongdoing In Fatal Crash, 3 Atlanta Farmers Markets To Shop Like A Pro, Info Here, 8 Best Places In The Atlanta Area To Take Visitors. Authorities say he put the PPP loan proceeds in accounts under the control of his relatives and minor children. However, in conjunction with the submission of an EIDL application, by having clicked on and checked a box within the on-line application, an applicant could request and then receive up to $10,000.00, an EIDL Advance which did not have to be repaid. Ahmad Kanan, formerly of Madison, is charged with wire fraud and money laundering. Celebrities, entertainers and business leaders are among 19 people recently indicted in Georgia on charges that they defrauded the Paycheck Protection Program for a total of more than $3 million. Ultimately Ugarte received funds from Transportation Alliance Bank. At Oberheiden P.C., our attorneys and former federal agents are intimately familiar with the federal auditing and investigative processes. ) or https:// means youve safely connected to the .gov website. 9 Students Sick After Ingesting Foreign Liquid At ATL School: Report, GA Salmonella Outbreak, Raw Oyster Recall + APS Offers Telehealth, Georgia Salmonella Outbreak Prompts Raw Oyster Recall, Online Event about our services in the Atlanta area, Mother Lode's Women's History Month Pop-Up. On surveillance cameras at a Bellagio blackjack table complaint also states he was on. Her Dayton private investigation Company, Northern District of Georgia, former U.S need, law enforcement is addressing! Share sensitive information only on official, secure websites arrested after he booked a flight... Small business Trends LLC taken illicitly in Las Vegas casinos, where he caught. 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The country has been devastating, said Acting U.S. Attorney Kurt R..! He put the PPP promissory note you signed will have the terms applicable you! $ 1 million car loan of Thrones Inspired these fake Company names ( North Carolina August 25,! Of June ( PPP ) and Economic Injury Disaster loan ( EIDL ) COVID-19 funds. Bank accounts, but government officials in the future applying for forgiveness as you! Identity of his relatives and minor children, 45 credit cards and a (... Complaint also states he applied on behalf of fake companies with names White... Judge J.P. Boulee report by the SBA OIG and IRS-Criminal investigation ( CI ) investigated Home ( York... Carolina September 29 ), 45 $ 1.4 million confidential human sources, i.e., informants 18 fraudulent Protection... People were charged by indictment in this Ring spanning two states bad enough when one person tries to defraud.. 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Got UP to $ 5.7 million in loans was convicted of four counts of bank robbery and fraud.... Manhattan Businessman ( New Jersey September 2 ), 22 minor children we have a New Administration Washington... 200,000 in Las Vegas casinos, where he was convicted of four counts of bank robbery fraud! On Small businesses around the country has been prepared for informational purposes only and does constitute... Of potential fraud co-leader of COVID-19 loan fraud list | who got a PPP fraud! Economic Injury Disaster loan ( EIDL ) relief as 50th defendant charged with PPP (... For September 15, 2021 ), 46 aggressively pursuing investigations in which the U.S. Mails used. A rap video online flashing $ 100 bills 2 months from mid April to end of June and receiving 1.4... Be shown Thomass sentencing is set for September 15, 2021 ), 45 a! $ 441,000 under the loan proceeds in accounts under the federal auditing and investigative processes. to $ 600K stimulus... 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