Tag:

Paycheck Protection Program

Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With COVID-19, Tax Fraud: Feds Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With COVID-19, Tax Fraud: Feds
Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With Covid-19, Tax Fraud: Feds Wendell Smallwood Jr., a former Philadelphia Eagles running back and Super Bowl champion, is facing federal charges for allegedly defrauding COVID-19 relief programs and the IRS, according to federal court documents obtained by Daily Voice on Thursday, Nov. 21. Smallwood, 30, was charged with felonies for Wire Fraud, Conspiracy to Commit Wire Fraud, and Conspiracy to Defraud the Internal Revenue Service, federal prosecutors announced. If convicted on all counts, Smallwood faces up to 50 years in prison. Authorities claim Smallwood obtained tens of thousands of dollars in COVID-19 Economic I…
$6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole $6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
$6.8M Covid-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…
Sussex Man Who Spent $5.6M COVID Relief Money On Stock Market, Luxury Car, More Sentenced Sussex Man Who Spent $5.6M COVID Relief Money On Stock Market, Luxury Car, More Sentenced
Sussex Man Who Spent $5.6M COVID Relief Money On Stock Market, Luxury Car, More Sentenced A Sussex County man was sentenced Tuesday to more than five years in federal prison for spending $5.6 million in federal COVID-19 pandemic business loans for himself, authorities said. Azhar Sarwar Rana, 31, of Newton will have to serve out just about all of the 64-month sentence because there's no parole in the federal prison system. The federal Paycheck Protection Program was designed to keep struggling small businesses afloat during the pandemic. Rana used the money, instead, to invest millions in the stock market, make a payment to a luxury car dealership and send hundreds of thous…