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PPP loan

Police & Fire
Westfield Man Admits To Defrauding COVID Relief Fund Of $900K: Feds Westfield Man Admits To Defrauding COVID Relief Fund Of $900K: Feds
Westfield Man Admits To Defrauding COVID Relief Fund Of $900K: Feds A 66-year-old Westfield man recently admitted to fraudulently obtaining a $900,000 PPP loan during the COVID-19 pandemic, authorities said.  Joseph McKeon applied for PPP loans on behalf of his New Jersey company, falsely claiming a higher number of employees and inflated payroll figures, US Attorney Philip Sellinger said. To support his claims, McKeon submitted forged documents, including bank statements and tax returns, Sellinger said. McKeon withdrew significant amounts of cash and transferred portions of the money, including a $315,504 transaction to an Indiana title company, Selli…

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by Sam Barron
Sports
Ex-Jet Josh Bellamy Sentenced To Federal Prison For Bogus $1.2M COVID Relief Loan Ex-Jet Josh Bellamy Sentenced To Federal Prison For Bogus $1.2M COVID Relief Loan
Ex-Jet Josh Bellamy Sentenced To Federal Prison For Bogus $1.2M COVID Relief Loan Former NY Jet Josh Bellamy was sentenced to prison time for fraudulently claiming more than $1.2 million in COVID-19 relief funds that he spent on luxury items and a Hard Rock Hotel stay, federal prosecutors said. The 32-year-old Florida resident was sentenced to three years and one month in federal prison last Friday, after pleading guilty to conspiracy to commit wire fraud, court papers show. The former NFL athlete also must pay restitution. Bellamy obtained a Paycheck Protection Program loan of $1.2 million for his company, Drip Entertainment LLC, under bogus documents and false inf…

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by Cecilia Levine
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
Business
COVID-19: Sussex County Gym Owner Who Sued Murphy Administration Closes Business COVID-19: Sussex County Gym Owner Who Sued Murphy Administration Closes Business
Covid-19: Sussex County Gym Owner Who Sued Murphy Administration Closes Business The owner of a Sussex County kickboxing studio is closing up shop just weeks after filing a lawsuit against Gov. Phil Murphy. Darlene Pallay, who owns CKO Kickboxing in Franklin, claimed in her suit that the Governor’s signing of Executive Order 104 on March 19 failed to abide by the part of the act that requires businesses to be compensated in the event of forced closure.  She closed her gym in March as per Murphy's orders, and reopened for outdoor classes in June. Her studio offering free virtual classes to local elementary school students, studio members and others in the community…

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by Valerie Musson