Audio By Carbonatix
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
-
“God Bless You”: The Currency of Gratitude Among Ghana’s Poor
38 minutes -
Heal Komfo Anokye Project to respond to governance and accountability claims
50 minutes -
Calls grow for NHIS to cover prescription glasses after over 500 miss free eye care in Bono Region
2 hours -
Nkwanta South: Death toll from Odomi attack now 4 as curfew takes effect
2 hours -
Impakers Creative Hub earns Trade Minister’s praise at Ghana–Italy Circular Economy Dialogue
2 hours -
Coderina EdTech donates STEM materials to support ICT, coding education in Ghana
2 hours -
Iran recloses Strait of Hormuz, citing Israeli strikes on Lebanon
2 hours -
Hackman Owusu-Agyeman backs St Augustine’s teachers’ housing project by APSU 2002 to mark 97th anniversry
3 hours -
GIPC CEO courts Canadian investors in Toronto
3 hours -
Harry and Meghan offered royal accommodation during UK visit
3 hours -
Ntim Fordjour demands answers over Australia drug seizure linked to Ghana
3 hours -
West Hills Mall to celebrate fatherhood with ‘Dad’s Day Out’ campaign
3 hours -
FIFA Ranking: Black Stars move eight places up after World Cup win over PanamaÂ
3 hours -
Google unveils biggest-ever Street View expansion in Ghana with sharper imagery and wider coverage
3 hours -
There is ‘zero chance’ Mahama will appoint a politically neutral EC deputy chairperson — Kofi Bentil
3 hours