Home

[Martin Green]

CHARGES RESULTING FROM PPP LOAN FRAUD
BANK FRAUD
Bank fraud occurs when a suspect uses deceit to obtain money or property from a lending institution – i.e., a bank. It is charged under 18 U.S.C. § 1344. A conviction is punishable by up to 30 years in federal prison and a fine of up to $1,000,000, and full repayment of any lost money.

WIRE FRAUD
Wire fraud is charged under 18 U.S.C. § 1343, and it occurs when a suspect electronically transmits something to facilitate a fraudulent scheme. It has a maximum punishment of 30 years in federal prison and a fine of up to $1,000,000.

FALSE STATEMENT
Providing a false statement to a lending institution is a federal crime charged under 18 U.S.C. § 1014. A false statement is ordinarily provided in the application process or by submitting false financial information to obtain the loan. It is punishable by up to 30 years in federal prison and a fine of up to $1,000,000.

PENALTIES RESULTING FROM PPP LOAN FRAUD
There is no specific charge of PPP loan fraud. Instead, PPP loan fraud is a theory of how the defendant committed the offense but carries it out through the wire, providing a false statement or lying to the lender by other means.

STATUTORY PUNISHMENT
Generally, the statutory punishment for PPP loan fraud is:

Up to 30 years in federal prison
Fine of up to $1 million
SENTENCING GUIDELINES
The U.S. Sentencing Guidelines determine the appropriate prison sentence based on many factors:

The actual loss amount
Number of victims
The planning and sophistication of the offense
Your prior criminal record

[Dr Naomi Campbell]

30 years?
He's lucky.

[klappa.]

a white man wouldn't get this much time

[The Only BLACK Kalmyks]

And I think they're making an example out of him because they know they'll never recoup the millions lost the fraud PPP since the pandemic began.
A severe punishment used as a deterrent for other thinking they could also get away with it.

That money could've been used in so many ways since people have lost their livelihoods and businesses due to Covid and here he is using it to flex in a damn rolls Royce 
It's damaging to the actual businesses that actually needed the money but didn't get it.



And I think it's also the fact he used government money to pay off his late child support payments
talk about adding insult to injury 

exactly.

This has to be done . U play stupid games u win stupid prizes .

I'm sure everyone here works hard for their own keep. If u choose to live a life of fraud playing around with the government just be advised that they play rough.

It's that simple .

[The Only BLACK Kalmyks]

30 years?
He's lucky.

hdnfdbdb

the article clearly says they cut a deal with him and didn't go ALL the way in .

Not some of y'all legit sitting on here thinking that it's not a huge deal to fraud the feds out of millions

Consider this a notice in case the idea to do so ever crosses ur mind .

[The Only BLACK Kalmyks]

CHARGES RESULTING FROM PPP LOAN FRAUD
BANK FRAUD
Bank fraud occurs when a suspect uses deceit to obtain money or property from a lending institution – i.e., a bank. It is charged under 18 U.S.C. § 1344. A conviction is punishable by up to 30 years in federal prison and a fine of up to $1,000,000, and full repayment of any lost money.

WIRE FRAUD
Wire fraud is charged under 18 U.S.C. § 1343, and it occurs when a suspect electronically transmits something to facilitate a fraudulent scheme. It has a maximum punishment of 30 years in federal prison and a fine of up to $1,000,000.

FALSE STATEMENT
Providing a false statement to a lending institution is a federal crime charged under 18 U.S.C. § 1014. A false statement is ordinarily provided in the application process or by submitting false financial information to obtain the loan. It is punishable by up to 30 years in federal prison and a fine of up to $1,000,000.

PENALTIES RESULTING FROM PPP LOAN FRAUD
There is no specific charge of PPP loan fraud. Instead, PPP loan fraud is a theory of how the defendant committed the offense but carries it out through the wire, providing a false statement or lying to the lender by other means.

STATUTORY PUNISHMENT
Generally, the statutory punishment for PPP loan fraud is:

Up to 30 years in federal prison
Fine of up to $1 million
SENTENCING GUIDELINES
The U.S. Sentencing Guidelines determine the appropriate prison sentence based on many factors:

The actual loss amount
Number of victims
The planning and sophistication of the offense
Your prior criminal record

im sorry but I live for u

Thank u for posting some facts

[Martin Green]

CHARGES RESULTING FROM PPP LOAN FRAUD
BANK FRAUD
Bank fraud occurs when a suspect uses deceit to obtain money or property from a lending institution – i.e., a bank. It is charged under 18 U.S.C. § 1344. A conviction is punishable by up to 30 years in federal prison and a fine of up to $1,000,000, and full repayment of any lost money.

WIRE FRAUD
Wire fraud is charged under 18 U.S.C. § 1343, and it occurs when a suspect electronically transmits something to facilitate a fraudulent scheme. It has a maximum punishment of 30 years in federal prison and a fine of up to $1,000,000.

FALSE STATEMENT
Providing a false statement to a lending institution is a federal crime charged under 18 U.S.C. § 1014. A false statement is ordinarily provided in the application process or by submitting false financial information to obtain the loan. It is punishable by up to 30 years in federal prison and a fine of up to $1,000,000.

PENALTIES RESULTING FROM PPP LOAN FRAUD
There is no specific charge of PPP loan fraud. Instead, PPP loan fraud is a theory of how the defendant committed the offense but carries it out through the wire, providing a false statement or lying to the lender by other means.

STATUTORY PUNISHMENT
Generally, the statutory punishment for PPP loan fraud is:

Up to 30 years in federal prison
Fine of up to $1 million
SENTENCING GUIDELINES
The U.S. Sentencing Guidelines determine the appropriate prison sentence based on many factors:

The actual loss amount
Number of victims
The planning and sophistication of the offense
Your prior criminal record

im sorry but I live for u

Thank u for posting some facts

[𝖘𝖖𝖚𝖎𝖉]

It's not like they randomly came up with 17 years. There was definitely some calculation behind this. He scammed the government for several million. That's a lot of fucking money. And considering 30 years is the maximum penalty, he got lucky. 🍀

[Barbie Dangerous]

I thought 17 years was too much as well, but isn't it a federal level crime?

Federal schmederal.

[GRAND ETERNAL SUPREME]

And I think they're making an example out of him because they know they'll never recoup the millions lost the fraud PPP since the pandemic began.
A severe punishment used as a deterrent for other thinking they could also get away with it.

Bingo

Look at the reactions in this thread

[Barbie Dangerous]

And I think they're making an example out of him because they know they'll never recoup the millions lost the fraud PPP since the pandemic began.
A severe punishment used as a deterrent for other thinking they could also get away with it.

Bingo

Look at the reactions in this thread

ncnfnccncncc

Def sounds like some of the gorls took out a PPP loans and trying to justify it.

[CHOKE]

Guys I made some spring rolls, who wan some?

[Barbie Dangerous]

Guys I made some spring rolls, who wan some?

You tried to poison me last time but I'll take 2 pls! 🤗

[FAMÈ]

Not MILLIONS...


ch

[The Only BLACK Kalmyks]

And I think they're making an example out of him because they know they'll never recoup the millions lost the fraud PPP since the pandemic began.
A severe punishment used as a deterrent for other thinking they could also get away with it.

Bingo

Look at the reactions in this thread

that's a good point

They didn't even give him the full 30 years, he could've gotten... sliced the maximum sentence nearly in half out of mercy  and the girls were in here like  and "it's cuz he's bah-lack!"

People are clearly unaware of how serious this shit is. Honestly the reactions in here only support the idea that someone needs to be made an example of .

Now the girls here who didn't know .... Know