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$3M PPP loans could get Texas man 20 years in fed prison Eastern District of Texas A Texas man pleaded guilty this week to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to court documents, Fahad Shah, 44, admitted that he sought over $3 million in PPP loans from two different SBA-approved ...

The Atlantic I quit the DOJ because I no longer wanted to participate in a system this permissive. 10:29 AM ET Share About the author: Paul E. Pelletier is a consultant and an adjunct professor at the George Washington University Law School. He was formerly a financial-crimes prosecutor in Miami and at the Justice Department. It was tax season 1999. I was a federal economic-crimes prosecutor in Miami, and this was the time of year my colleagues and I brought cases to deter would-be tax cheats....

How to Actually Prosecute the Financial Crimes of the Very Rich Paul E. Pelletier © Heritage Images / Getty / The Atlantic It was tax season 1999. I was a federal economic-crimes prosecutor in Miami, and this was the time of year my colleagues and I brought cases to deter would-be tax cheats. My target was a tax-return preparer operating out of Liberty City’s “Pork & Beans” projects, made famous in the movie Moonlight. This tax preparer had been manufacturing false W-2s...

By Greenberg Traurig LLP issued the following announcement on May 11.  The White Collar Defense & Special Investigation Practice of global law firm Greenberg Traurig, LLP continued its strategic expansion with the addition in Houston of Vernon Lewis as a shareholder. Vernon served in the United States Attorney’s Office, Southern District of Texas, for 21 years. As former Deputy Chief of the Fraud Section, he supervised 20 federal fraud prosecutors in complex federal fraud crimes, incl...

Two Indicted for $2 Million Scheme that Defrauded Over 20 Investors Details Written by Justice Department Washington, DC - An indictment charging a District of Columbia man and Connecticut woman with perpetrating an advance fee and investment fraud scheme that defrauded more than 20 victims of more than $2 million was unsealed today in the District of Columbia. According to court documents, Paul Maucha, 56, of Washington, D.C., and Melisa Shapiro, 63, of Bridgeport, ...

Details Written by Justice Department Miami, Florida - A Florida man was sentenced yesterday to more than four years in prison for operating an investment scheme in which he used investor funds to repay other investors and misappropriated funds for himself. David C. Coggins, 42, of Miami, pleaded guilty to one count of securities fraud on March 2, 2021. According to court documents, Coggins solicited investors to his investment fund between 2015 and 2020 by touting the fu...

Imperial Valley News Imperial Valley News Center University of Miami to Pay $22 Million to Settle Claims Involving Medically Unnecessary Laboratory Tests and Fraudulent Billing Practices Details Written by IVN Miami, Florida - The University of Miami (UM) has agreed to pay $22 million to resolve allegations that it violated the False Claims Act by ordering medically unnecessary laboratory tests, and submitting false claims through its laboratory ...

Two Individuals Charged for their Roles in Massive Cattle Ponzi Scheme Details Written by Imperial Valley News Denver, Colorado - A federal grand jury in Colorado returned an indictment that was unsealed Tuesday charging an Illinois woman and a Georgia man with running a Ponzi scheme that raised approximately $650 million from investors across the country. According to court documents, Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Bufor...

Details Written by Justice Department Miami, Florida - A Florida man was sentenced Wednesday to more than six years in prison for fraudulently obtaining approximately $3.9 million in Paycheck Protection Program (PPP) loans and using those funds, in part, to purchase a $318,000 Lamborghini luxury car for himself. David T. Hines, 29, of Miami, pleaded guilty to one count of wire fraud on February 10. According to court documents, Hines submitted multiple PPP applications t...