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CARES Act

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COVID-19: Businessman Admits Stealing $3.2M For Personal Use, Including Buying Nantucket Home COVID-19: Businessman Admits Stealing $3.2M For Personal Use, Including Buying Nantucket Home
Covid-19: Businessman Admits Stealing $3.2M For Personal Use, Including Buying Nantucket Home A man who owns a theme park and restaurant in New York has admitted to stealing over $3 million through federal COVID-19 aid with some of those funds used to buy a home on Nantucket. Long Island resident Donald Finley, age 61, of Roslyn, the owner of Jekyll & Hyde Restaurant in Manhattan and the Bayville Adventure Park in Nassau County, pleaded guilty to disaster relief fraud and wire fraud on Thursday, May 25. As stated in court filings by the US Attorney for the Eastern District of New York Breon Peace: Between March 2020 and March 2021, amid the COVID pandemic, Finley fra…

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by Joe Lombardi
News
COVID-19: CT Couple Pays $169K To Resolve Claims Of Relief Loan Fraud COVID-19: CT Couple Pays $169K To Resolve Claims Of Relief Loan Fraud
Covid-19: CT Couple Pays $169K To Resolve Claims Of Relief Loan Fraud A Connecticut couple paid nearly $170,000 to resolve allegations that they allegedly spent thousands in small business loans under the Coronavirus Aid, Relief and Economic Security (CARES) Act, federal officials announced. New Haven County residents Janine and Gerard Carbonaro, of Oxford, agreed to pay 169,563.60 as part of an agreement for fraudulently misspending $109,000 in small business loans during the pandemic to purchase new property in Florida. US Attorney Leonard Boyle said that on April 7, 2020, Gerard Carbonaro applied for an Economic Injury Disaster Loan and Grant/Advance on be…

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by Zak Failla
News
COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items
Covid-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items A New York doctor has admitted to using more than $3 million in fraudulently obtained small business loans to purchase a yacht and other luxury items, federal authorities announced. Long Island resident Konstantino Zarkadas, a Nassau County-based medical doctor in Glen Cove, pleaded guilty to disaster relief fraud and wire fraud in connection with his receipt of millions of dollars in small business loans under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDLP) on Friday, Nov. 12 in Central Islip. When sentenced, Zarkadas faces up to 30 years in pri…

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by Joe Lombardi
News
COVID-19: Here's When To Expect Second Stimulus Check To Arrive COVID-19: Here's When To Expect Second Stimulus Check To Arrive
Covid-19: Here's When To Expect Second Stimulus Check To Arrive Relief is on the way for Americans financially strapped during the COVID-19 crisis. Congressional leaders unveiled on Sunday, Dec. 20 an approximately $900 billion stimulus deal that will provide Americans that qualify direct payments of $600 to help offset the hardships caused during the pandemic. The $600 is half of what was directed during the first round of stimulus checks earlier this year. Treasury Secretary Steve Mnuchin told CNBC on Monday that the checks could be in Americans’ bank accounts in a matter of just a few days for those who have direct deposit info on file with the IRS.…

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by Zak Failla
News
COVID-19: CT Ban On Tenant Evictions Extended COVID-19: CT Ban On Tenant Evictions Extended
Covid-19: CT Ban On Tenant Evictions Extended Renters in Connecticut were given relief by the state this week as the state extended the moratorium on evictions. Connecticut Gov. Ned Lamont announced that the ban on evictions - which was set to expire on Wednesday, July 1, will be extended through Saturday, Aug. 25, which coincides with the federal CARES Act. According to reports, tens of thousands of people could be facing evictions in Connecticut due to the novel coronavirus (COVID-19) pandemic, which has left millions across the country unemployed who now owe back rent. Lamont also released a $33.3 million Housing Aid Package that …

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by Zak Failla
Schools
COVID-19: UConn Announces Furloughs, Cuts COVID-19: UConn Announces Furloughs, Cuts
Covid-19: UConn Announces Furloughs, Cuts Facing the biggest budget deficit in history amid the novel coronavirus (COVID-19) crisis, the University of Connecticut announced furloughs and cuts for some staff. Beginning next month, non-union managers at the university will be furloughed without pay for one day a month - approximately 5 percent of their yearly salary - UConn President Tom Katsouleas wrote in a letter to staff last week. The university’s budget is expected to top more than $50 million due to the COVID-19 outbreak. "While we have taken steps to ameliorate this by implementing hiring and spending restrictions, advocati…

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by Zak Failla
Business
Don't Toss That Envelope From Omaha -- It Has Your Federal Stimulus Prepaid Debit Card Don't Toss That Envelope From Omaha -- It Has Your Federal Stimulus Prepaid Debit Card
Don't Toss That Envelope From Omaha -- It Has Your Federal Stimulus Prepaid Debit Card If a plain white envelope from Omaha, Nebraska arrives in the mail, don’t throw it away. It may be your federal stimulus payment. Last week, the IRS and U.S. Treasury Department began mailing Economic Impact Payments as prepaid debit cards. In addition to a P.O. Box in Omaha, the return address says the letter is from "Money Network Cardholder Services." Nearly 4 million Americans waiting for their slice of the $2.2 trillion CARES Act are expected to get their stimulus money in the form of an EIP Card, as opposed to a paper check signed by President Donald J. Trump. The trouble is, th…

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by Jon Craig