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Federal Paycheck Protection Program

Business
NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen
NJ COVID Scammer Who Pocketed $1.8M In Taxpayer-Funded Rescue Loans Gets Three Years In Fed Pen UPDATE: A North Jersey businessman who collected $1.8 million in COVID-19 pandemic loans that he wasn't entitled to, then diverted the money into accounts held by family members -- including his young children -- was sentenced to three years in federal prison on Wednesday. Rocco A. Malanga, 39, formerly of Hackettstown, must serve out the entire plea-bargained sentence approved by a U.S. District Court judge in Newark on March 22 because there’s no parole in the federal prison system. Malanga lied on documents to three different lenders to secure federal Paycheck Protection Program (PPP) mo…

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by Jerry DeMarco
Police & Fire
Feds: NJ Tax Preparer From PA Pocketed Stimulus Check Before Indictment For False Returns Feds: NJ Tax Preparer From PA Pocketed Stimulus Check Before Indictment For False Returns
Feds: NJ Tax Preparer From PA Pocketed Stimulus Check Before Indictment For False Returns A Pennsylvania man who worked as a tax preparer in Newark collected a fat stimulus check weeks before a federal grand jury indicted him for filing 44 bogus returns, authorities said. Rather than go to trial, Sylvain Dienhoue, 53, of Tobyhanna pleaded guilty Wednesday to three counts of aiding and assisting in the preparation of false and fraudulent tax returns during a video-conferenced hearing with a federal judge in Newark. Dienhoue, who owned and operated Cadi’s Multi Services, used “fabricated and inflated figures, including expenses and itemized deductions,” in order to generate inflat…

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by Jerry DeMarco