Florida Police Officer Charged With EIDL Loan Fraud – See How He Would Have Used The Money

A Coral Springs police officer in South Florida has been charged by a federal grand jury with fraudulently applying to the U.S. Small Business Administration (SBA) for an advance on Covid-19 aid and a low-interest loan.

Officer charged with EIDL loan fraud

According to the indictment, Jason Scott Carter, 44, of Boca Raton falsely claimed that a company he allegedly owns and operates had previously had gross revenues of $100,000, which turned out to be untrue. The indictment also accuses Carter of falsely and fraudulently stating that the money he received from the SBA would be for business expenses to alleviate the economic damage the pandemic has inflicted on his company.

SBA loan money spent on luxury cars

The charges showed that instead of spending the money on his business, as he certified he would, Carter spent a large portion of the SBA loan money on an auto repair and detailing company for luxury vehicles and high-end auto parts. .

According to the indictment, Carter spent more than $21,000 of the borrowed money on the auto repair and detailing company.

Police officer faces up to 20 years in prison

A statement from the Justice Department read: “The indictment charges Carter with one count of wire fraud. If convicted, he faces up to 20 years in prison and a fine of up to $250,000.

Carter first appeared before US Magistrate Judge Bruce E. Reinhart today. He was released on bail pending trial.

“Juan Antonio Gonzalez, US Attorney for the Southern District of Florida, Omar Perez Aybar, Special Agent in Charge, US Department of Health and Human Services, Office of the Inspector General (HHS-OIG), Miami Regional Office, and David Walker, Special Agent in Charge, FBI Tampa, released the charges.

“HHS-OIG, Miami Regional Office (Tampa) and FBI Tampa are investigating this matter. US Assistant Attorney Will J. Rosenzweig is pursuing the case. Assistant US Attorney Peter Laserna is handling asset forfeiture.”

The Justice Department added that charges are merely allegations and that defendants such as Carter are presumed innocent unless and until found guilty in a court of law.

Task Force Battles CARES Act Fraud

After the Coronavirus Aid, Relief, and Economic Security (CARES) Act went into effect in March 2020, it began providing emergency financial assistance to millions of Americans suffering the economic impact of the Covid-19 pandemic. As part of this, the CARES Act authorized and provided funding to the SBA so that they could make economic loss loans to eligible small businesses, which Jason Scott Carter then applied for.

Carter’s alleged fraud is not the first, however, and by May 17, 2021, it became necessary for the Attorney General to create a Covid-19 Fraud Enforcement Task Force to pool the Justice Department’s resources. The task force worked with government agencies to combat and prevent pandemic-related fraud.

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This post Florida Police Officer Charged With EIDL Loan Fraud – See How He Would Have Used The Money was original published at “https://smallbiztrends.com/2022/06/florida-cop-charged-with-eidl-loan-fraud.html”

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