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Tag:
Small Business Administration
Nassau
News
$3M Fraud: Bayville Adventure Park Owner Stole
Covid-
19 Federal Aid
A man who owns a now-defunct Manhattan restaurant and a local theme park will spend time behind bars for stealing COVID-19 funds and putting it towards, among other things, a home in Nantucket. Long Island resident Donald Finley, age 61 of Locust Valley, faced his 24-month sentence on Tuesday, April 16, according to the United States Attorney’s Office Eastern District of New York. Original Story - COVID-19: Bayville Adventure Park Owner Admits To Stealing $3.2M In Federal Aid Finley, who owns Bayville Adventure Park and used to own a now-shuttered Jekyll & Hyde-themed restaura…
Loudoun
News
Leesburg Army Reservist Used COVID Scam To Pay Swindlers Overseas: Feds
A Virginia Army reservist was apparently no better than the people he thought he was fooling. Russell Laraway, 56, of Leesburg, admitted he fraudulently claimed more than $400,000 in a COVID relief fund scheme, U.S. Attorney for the Eastern District of Virginia Jessica D. Aber said. Being busted by the feds ultimately may have saved Laraway, though, who allegedly gave some of his hard-earned cash to foreign entities "in scams of which he was a victim," Aber's office said. According to court documents, Laraway incorporated two business entities that he purported to operate out of …
Nassau
Police & Fire
Man Nabbed For Creating Fake Loans In Merrick, Scamming Many: Police
A Long Island man was arrested for scamming multiple people, taking their money in exchange for a loan that would never come, police said. Nassau County Police announced the arrest of 38-year-old Anthony Boglino of Miller Place on Wednesday, Feb. 7 for the alleged scheme, which took place about seven months prior. On Sunday, July 2, 2023, Boglino — who is the founder of Miele Consulting Corporation — met with a woman, 48, in Merrick under the guise of helping her secure a Small Business Administration Loan (SBA). She reportedly signed a contract with Boglino to get a $50,000 loan. As pa…
Montgomery MD
News
Former Social Media Influencer In MD Gets Prison Time For $1.2M COVID Scheme
A former social media influencer from Maryland is heading to federal prison for his role in a $1.2 million COVID scheme involving wire fraud and money laundering. Denish Sahadevan, aka “Danny Devan,” 32, of Potomac, Maryland, was sentenced on Tuesday, Jan. 9 to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft and money laundering, authorities said. ‘Danny Devan’ gained a TikTok following for his financial advice regarding stocks and cryptocurrency: @.dannydevvan ♬ original sound - Stocks • Crypto • Money The …
Suffolk NY
News
Covid-
19: IRS Workers From Suffolk County Stole Thousands In Relief Funds, DA Says
Two IRS employees from Long Island are accused of pocketing thousands of dollars in relief funds meant to help small businesses struggling due to the COVID-19 pandemic. Tina White, age 36, of Bellport, and Shawana Williams, age 45, of Centereach, were arraigned on grand larceny charges in Suffolk County Court on Thursday, Oct. 12. According to prosecutors, White and Williams applied for COVID-19 Economic Injury Disaster Loans from the Small Business Administration in the summer of 2020, claiming to be business owners struggling due to the pandemic. White claimed to be the chief operating …
New Rochelle
News
$2M Scheme: 6 Steal Property Deeds, Obtain Fraudulent Loans In New Rochelle, Yonkers, DA Says
Six people, including a licensed real estate broker and salesperson, and a corporation, have been charged with defrauding homeowners in Westchester and fraudulently obtaining $2 million in loans by stealing property deeds, DA officials said. The six defendants involved in the scheme, including three Westchester residents and a Long Island man, were arrested and arraigned in late June for their role in a scheme that allegedly defrauded homeowners in Yonkers and New Rochelle, the Westchester County District Attorney's Office announced on Monday, July 3. According to officials, the…
Suffolk MA
Police & Fire
Brighton Food Truck Owner Used $1.5M Of Covid Relief Funds To Buy Stocks: Feds
A Brighton food truck owner admitted this week to filing fake loan applications for $1.5 million in Covid-19 relief funds that he used to buy stocks, authorities said. Loc Vo, 55, pleaded guilty to one count of wire fraud on Tuesday, Jan. 10, and now faces a maximum of 20 years behind bars, the US Attorney for Massachusetts said. Vo owned Smart Gourmet and Indy Publish, a dormant business in Maryland during the pandemic. Federal investigators said that between April 2020 and July 2021, Vo submitted loan applications for these businesses under three Small Business Administr…
Baltimore
News
Fired Baltimore PD Employee, Homicide Suspect Facing Federal Fraud Charges
A federal grand jury has returned an indictment charging a fired Baltimore civilian police employee once eyed as a homicide suspect with stealing his defunct business' tax prepare's identity to try to get COVID relief money. Dana Lamar Antonio Hayes, Jr., 37, submitted several bogus Economic Injury Disaster Relief(EIDL) loan applications and several Paycheck Protection Plan(PPP) loan applications to the Small Business Administration and two banks between March 2020 and Oct. 2021, according to the Department of Justice. Hayes had been fired from his position as the chief of…
Capital District
News
Covid-
19: Albany Woman Pleads Guilty To Pandemic Relief Fraud
A woman from the Capital District is facing years in prison after admitting that she took advantage of loan programs meant to help businesses struggling due to the COVID-19 pandemic. Debra Hackstadt, age 67, of Albany, pleaded guilty Thursday, May 19, to fraudulently obtaining 32 government-backed loans, according to the US Attorney’s Office. The loans were issued to Hackstadt herself, various friends and relatives, and several companies that she controlled, prosecutors said. In all, investigators said she received more than $1.6 million between April 2020 and June 2021 through two separat…
Mercer
News
Ex-Chief Lending Officer Of NJ Bank Gets 18 Months In Fed Pen For Lying On SBA Loan
A former New Jersey bank chief lending officer from Pennsylvania was sentenced to 18 months in federal prison Wednesday for lying to the Small Business Administration, authorities said. James Bortolotti, 53, will have to serve just about all of the term because there's no parole in the federal prison system. Bortolotti signed off on an application to the SBA for a guaranteed $3.75 million on $5 million in loans given to a small Robbinsville business by First Choice Bank in Trenton even though he knew the information about the company's credit-worthiness was false, Acting U.S. Attorney for N…
Mount Pleasant
Politics
Ex-Mets Manager Bobby Valentine Tells Why He Decided To Make Pitch To Be Mayor Of His Hometown
He's been known by many as the unofficial mayor of Connecticut's second-largest city for years. Now, after a lifelong career in sports, Major League Baseball legend Bobby Valentine wants to be Stamford's mayor for real. In a week, on Tuesday, Nov. 2, voters will make the call in a race that has drawn national attention and even seen each candidate endorsed by a past United States president. "Tommy Lasorda would introduce me either as the mayor of Stamford or ambassador of Stamford," Valentine says, referring to the late Los Angeles Dodgers manager. The 71-year-old Valentine can't pinpoint…
Stamford
Politics
Bobby Valentine Reveals What Prompted His Run For Mayor Of Stamford
He's been known by many as the unofficial mayor of Connecticut's second-largest city for years. Now, after a lifelong career in sports, Major League Baseball legend Bobby Valentine wants to be Stamford's mayor for real. In a week, on Tuesday, Nov. 2, voters will make the call in a race that has drawn national attention and even seen each candidate endorsed by a past United States president. "Tommy Lasorda would introduce me either as the mayor of Stamford or ambassador of Stamford," Valentine said, referring to the late Los Angeles Dodgers manager. The 71-year-old Valentine can't pinpoint…
The Berkshires
News
Covid-
19: Massachusetts Man Admits To Fraud, Identity Theft Charges Related To Pandemic
A Massachusetts man admitted to trying to profit from the COVID-19 pandemic by applying for phony business loans and then spending the money on personal expenses. Richard Oworae, age 59, of Worcester, pleaded guilty this week to fraudulently applying for business loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the tune of nearly $200,000. Specifically, Oworae pleaded guilty to three counts of wire fraud and one count of aggravated identify theft. Acting US Attorney Nathaniel Mendell said that between July 2020 and August 2020, Oworae schemed to defraud the Sm…
Chester
Police & Fire
PA, NJ Ex-Con With 'Unparalleled Greed' Accused In 2nd Major Fraud Case, This One $1.25M
A 42-year-old Pennsylvania man previously convicted in a $1.4 million fraud scheme has been arrested again on similar charges -- this time in a $1.25 million case. William C. Huyler III, of West Chester, pleaded guilty last December to stealing $1.4 million in from eight Homeowner Associations (HOAs) located across Chester County, Montgomery County, New Jersey, Chester County District Attorney, Deb Ryan said. While awaiting sentences for that case, Huyler was slapped with theft by deception, forgery and more charges for fraudulently securing Small Business Admi…
Fairfield
News
Covid-
19: CT Supreme Court Upholds Legality Of Lamont’s Emergency Orders On Business Closures
The Connecticut Supreme Court upheld Gov. Ned Lamont’s authority to close certain businesses during the COVID-19 pandemic to “ensure the health, safety, and welfare of the citizens of the state.” Lamont, who has come under fire for his executive orders limiting or closing some businesses during the pandemic, was challenged by the owner of Casey’s Irish Pub in Milford, who questioned the governor’s public health and civil preparedness orders. In March, despite an outcry from business owners, Lamont ordered bars and nightclubs closed, while limiting occupancy at restaurants, gyms, salons, an…
Nassau
News
Covid-
19: LI Duo Nabbed For $13M Fraud Scheme To Get Loans Intended To Help Small Businesses
A pair of men facing charges for an alleged human smuggling operation and a third woman - two of whom are from Long Island - are being accused of allegedly stealing millions of dollars that were earmarked for small businesses during the COVID-19 pandemic. Related story - Long Island Man Accused Of Smuggling Vietnamese Nationals To Work At Nail Salons Hicksville residents Ngoc Manh Nguyen, Victoria Dieuy Ho, and Bronx resident Dat Tat Ho have been arrested and charged for allegedly stealing more than $13 million in federal funding that was designated for small business owners from the g…
Hackensack
News
Covid-
19: White House, Senate Seal Proposed $2 Trillion Stimulus Deal Paying Citizens, Business
The White House struck an historic $2 trillion, bipartisan stimulus package that, if approved by Congress, will send money to certain families and businesses, among others, who are struggling financially during the coronavirus pandemic. “At last we have a deal,” Senate Majority Leader Mitch McConnell announced on the Senate floor after marathon talks producing what would be one of Congress’ costliest and farthest-reaching measures in history. McConnell described it as “wartime level of investment for our nation," while adding that the Senate would vote in favor of the package sometime afte…
Shelton
News
CT Marina Owner Admits To Lying To Receive Hurricane Sandy Disaster Loan
A marina owner in Connecticut has admitted to lying to the Small Business Administration to receive disaster loans in connection with Hurricane Sandy. Scott Sundholm, 39, of Old Saybrook, pleaded guilty in Hartford district court on Monday, June 10, to one count of making false statements for the purposes of obtaining a small business administration loan. According to U.S. Attorney John Durham, in 2016, Sundolm, who owns and operates S&S Marine in Old Saybrook, applied for and received a disaster loan from the Small Business Administration after claiming that Hurricane Sandy, which stru…
Greenwich
Politics
Greenwich's Linda McMahon Will Be Latest To Resign From Trump's Cabinet, Report Says
Linda McMahon will reportedly be the latest member of President Donald Trump's Cabinet to resign. McMahon is expected to step down as head of the Small Business Administration, according to Politico. McMahon, of Greenwich, along with her husband, Vince McMahon, founded the Stamford-based mega-wrestling business WWE. One of only five women in the president's Cabinet, McMahon has held the SBA post since 2016. She is said to be earmarked to head up the pro-Trump super PAC America First Action. According to Politico, Trump allies have been searching for someone to chair th…
Norwalk
News
State Officially Declares Site Of Norwalk Condo Fire A Disaster
NORWALK, Conn. — The state of Connecticut has officially declared a December condominium fire that displaced dozens in Norwalk as a disaster, meaning that those affected will be eligible for low-interest disaster loans, according to the Hour. A fire that broke out at the StoneWood Condominiums on Richards Avenue in Norwalk on Dec. 11 displaced all the residents of the complex's 54 units. No major injuries were reported, but dozens of people lost their possessions and were left homeless right before the holidays as a result of the fire. Related story: Dozens left homeless by Norwalk condo fi…
