Florida man convicted of obtaining fraudulent $ 921,000 COVID-19 relief loan – KIRO 7 News Seattle

MIAMI – A Florida man has been sentenced to 42 months in prison for fraudulently obtaining more than $ 921,000 in loans under a paycheck protection program guaranteed by the US Small Business Administration.

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According to a press release from the South Florida District Attorney’s Office, Carlos Vazquez, 57, of Miami, was sentenced Wednesday and is due to pay $ 921,875 in restitution. After his prison sentence, Vazquez will have a three-year supervision period.

On September 13, 2021, Vazquez pleaded guilty to conspiring to commit electronic fraud, the statement said.

According to court documents, Vazquez secured a PPP loan worth $ 921,875 for his company, Big League LLC. The business was dormant when the COVID-19 pandemic began, but in his loan application, Vazquez said the business had 64 employees and had a payroll of $ 4.425 million in the year of taxation 2019, reported the Miami Herald.

According to court documents, Vazquez admitted to submitting fraudulent tax documents and false information about the company.

According to online records, Vazquez registered Big League LLC with the state of Florida on May 23, 2016, the Herald reported. Vazquez has not filed an annual report for the Big League and has never registered to file taxes with the Florida Department of Revenue, according to the newspaper.

Court documents detailing Vazquez’s guilty plea noted that the Big League was not operating as of February 15, 2020. However, when economic aid programs were introduced, Vazquez re-established the company with the state on February 24, 2020. June 2020. Five days later, he opened a bank. company account, and he applied for a PPP loan the next day, according to the Herald.

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