A former Massachusetts resident was arrested at Miami International Airport for fraudulently filing Covid-relief loans.
According to the Department of Justice in Boston, 34-year-old Vinicius Santana of Boca Raton, Florida, was charged with wire fraud. He was arrested Monday at Miami International Airport.
Santana is the owner of Complete Home Care, LLC (CHC), a painting company in Massachusetts. It is alleged that he filed four fraudulent loan applications to obtain $2.5 million in Paycheck Protection Program (PPP) loan funds under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The charging documents indicate that the first three applications were denied. Santana allegedly listed five employees and an average monthly payroll of between $10,000 and $18,000. In the fourth application, Santana allegedly falsely claimed to have 154 employees and an average monthly payroll of $1 million. His company was issued $2,500,000 on May 11, 2020.
Santana used the money to buy cars and invest in cryptocurrency allegedly. The CARES Act provides emergency financial assistance to those suffering the economic effects caused by the coronavirus pandemic.
He faces up to 20 years in prison, three years of supervised release and a fine of $250,000, or twice the gross gain or loss from the scheme, whichever is greater, if found guilty.
Latest Stories
-
EBID wins the Africa Sustainability Award
54 minutes -
Expansion Drive: Takoradi Technical University increases faculties
5 hours -
SHS heads demand payment of outstanding funds before reopening of schools
6 hours -
We thank God for the 2024 general elections – Akufo-Addo
6 hours -
Coconut Grove Beach Resort marks 30 years of excellence with memorable 9 lessons & carols service
6 hours -
WAFU B U-17 Girls’ Cup: Black Maidens beat Nigeria on penalties to win inaugral tournament
7 hours -
Real Madrid beat Sevilla to keep pressure on leaders Atletico
8 hours -
Liverpool put six past Spurs to go four points clear
8 hours -
Manchester United lose 3-0 at home to Bournemouth yet again
8 hours -
CHAN 2024Q: ‘It’s still an open game’ – Didi on Ghana’s draw with Nigeria
8 hours -
CHAN 2024Q: Ghana’s Black Galaxies held by Nigeria in first-leg tie
9 hours -
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
10 hours -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
10 hours -
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
11 hours -
Akufo-Addo condemns post-election violence, blames NDC
11 hours