Vinicius Santana, 34, of Boca Raton, Fla. and previously of Revere, was charged with one depend of wire fraud and one depend of illegal financial transactions. A plea listening to has not but been scheduled by the Courtroom. Santana was beforehand arrested and charged by prison grievance with the only wire fraud offense in June 2022.
In response to the charging doc, Santana owned Full Dwelling Care, LLC (CHC), a portray firm in Massachusetts. In April 2020, Santana submitted 4 completely different PPP mortgage functions on behalf of CHC. The primary three functions, through which Santana allegedly listed 5 workers and a mean month-to-month payroll of between $10,000 and $18,000, have been denied. Within the fourth software for CHC, it’s alleged that Santana falsely claimed to have 154 workers and a mean month-to-month payroll of $1 million. On Might 11, 2020, a financial institution issued Santana’s firm a $2,500,000 mortgage based mostly on the allegedly false representations within the fourth software.
After receiving the funds, it’s alleged that Santana misused the mortgage proceeds to purchase actual property and vehicles and to put money into cryptocurrency.
The CARES Act is a federal regulation enacted on March 29, 2020, designed to supply emergency monetary help to the thousands and thousands of Individuals who’re struggling the financial results brought on by the COVID-19 pandemic. One supply of reduction supplied by the CARES Act was the authorization of forgivable loans to small companies for job retention and sure accredited bills, by the PPP.
The cost of wire fraud supplies for a sentence of as much as 20 years in jail, three years of supervised launch and a fantastic of $250,000, or twice the gross acquire or loss from the scheme, whichever is bigger. The cost of illegal financial transactions supplies for a sentence of as much as 10 years in jail, three years of supervised launch and a fantastic of the better of both $250,000 or twice the worth of the criminally derived property. Sentences are imposed by a federal district courtroom decide based mostly upon the U.S. Sentencing Pointers and statutes which govern the dedication of a sentence in a prison case.
United States Legal professional Rachael S. Rollins; Joseph R. Bonavolonta, Particular Agent in Cost of the Federal Bureau of Investigation, Boston Division; Stephen Donnelly, Performing Particular Agent-in-Cost, Japanese Area, Workplace of Inspector Normal for the Board of Governors of the Federal Reserve System; Patricia Tarasca, Particular Agent in Cost of the Federal Deposit Insurance coverage Company Workplace of Inspector Normal, New York Area; and Ketty Larco-Ward, Inspector in Cost of the U.S. Postal Inspection Service, Boston Division, made the announcement at present. Assistant U.S. Attorneys Mackenzie A. Queenin and Benjamin A. Saltzman of Rollins’ Securities, Monetary & Cyber Fraud Unit are prosecuting the case.
On Might 17, 2021, the Legal professional Normal established the COVID-19 Fraud Enforcement Job Pressure to marshal the assets of the Division of Justice in partnership with companies throughout authorities to reinforce efforts to fight and stop pandemic-related fraud. The Job Pressure bolsters efforts to analyze and prosecute probably the most culpable home and worldwide prison actors and assists companies tasked with administering reduction applications to forestall fraud by, amongst different strategies, augmenting and incorporating present coordination mechanisms, figuring out assets and strategies to uncover fraudulent actors and their schemes, and sharing and harnessing data and insights gained from prior enforcement efforts. For extra data on the Division’s response to the pandemic, please go to http://www.doj.gov/coronavirus.
Anybody with details about allegations of tried fraud involving COVID-19 can report it by calling the Division of Justice’s Nationwide Heart for Catastrophe Fraud (NCDF) Hotline at 866-720-5721 or through the NCDF Internet Criticism Type at: http://www.doj.gov/disaster-fraud/ncdf-disaster-complaint-form.
The main points contained within the charging paperwork are allegations. The defendant is presumed harmless except and till confirmed responsible past an inexpensive doubt in a courtroom of regulation.
Up to date August 23, 2022