East Windfall Man Sentenced for Fraudulently Making use of for COVID-Reduction Enterprise Loans | USAO-RI

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PROVIDENCE, R.I. –  An East Windfall man who submitted eight fraudulent mortgage purposes in search of greater than $375,000 in COVID-19 reduction enterprise loans assured by the federal Small Enterprise Administration has been sentenced to 4 years in federal jail, introduced United States Lawyer Zachary A. Cunha.

Kevin Mancieri, 49, submitted fraudulent Paycheck Safety Program (PPP) purposes to safe the loans, full with fabricated financial institution data and tax types. Along with submitting two fraudulent purposes in his personal identify, Mancieri ready fraudulent purposes within the names of 4 different people that he was related to. Moreover, Mancieri used a stolen id and submitted a fraudulent PPP utility in that particular person’s identify as nicely, in search of an extra $60,710 in loans.

Based on info offered to the court docket, Mancieri submitted fraudulent PPP purposes in search of a complete of $375,928, leading to a lack of $152,246.  Of that quantity, Mancieri personally obtained $92,438.

Mancieri pleaded responsible on August 15, 2022, to conspiracy to commit financial institution fraud, entry gadget fraud, and aggravated id theft. Mancieri was sentenced immediately by U.S. District Court docket Choose William E. Smith to forty-eight months in federal jail to be adopted by three years of federal supervised launch. Moreover, Mancieri was fined $10,000 and ordered to pay restitution within the quantity of $152,246.

The case was prosecuted by Assistant U.S. Lawyer Lee H. Vilker.

The matter was investigated by the FBI and Inside Income Felony Investigation.

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