By clicking Sign up, you agree to receive marketing emails from Insider Paycheck Protection Program loans were guaranteed by the Small Business Administration, Your California Privacy Rights / Privacy Policy. The released data also include information about smaller loan recipients, but excluded their names. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. And you can use this map and database to find out who got a loan. Through the Paycheck Protection Program ("PPP"), the federal government approved approximately $525 billion in loans to over 5.2 million small businesses between April and early August 2020. The U.S. SBA regularly publishes PPP loan data for all past PPP loan recipients. 1343: Wire Fraud. These cases involve attempts to obtain over $569 million from the U.S. government and unsuspecting individuals through fraud and have been brought in 56 federal districts around the country. Any amount helps us keep producing quality journalism for Mississippi. The Department of Justice has filed dozens of charges alleging PPP fraud. Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justices National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form at:https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form. PPP loans were designed to help small businesses pay their staff, rent, and mortgage costs to help keep them afloat during the pandemic. Companies are required to make a number of affirmative representations during the PPP loan application process. Chanchikyan has pleaded not guilty, and his trial is scheduled for October 4, 2022. Since PPP loan and forgiveness applications are processed by commercial bank, PPP Loan Fraud can be prosecuted as Bank Fraud. var divElement = document.getElementById('viz1594157587379'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); The data also included the demographics of borrowers, although two-thirds of the states borrowers declined to provide a gender and three-quarters declined to provide a race or ethnicity. 114 PPP loans (>$150k) have been issued in the city of MERIDIAN, MS. All publically available loans are listed here in order of business name. Share sensitive information only on official, secure websites. Sba Won't Even Try To Collect On PPP Loans Of $2 Million Or More The Small Business Administration (SBA) is not collecting on loans that should be paid back, citing "equity" as the reason. Next on our list is a South Florida couple who, authorities say, filled their bank accounts with over $800,000 in PPP loans and over 200,000 in Economic Injury Disaster Loans. Some cases are substantial. By clicking submit, you agree to share your email address with Mississippi Today. For example, in the Eastern District of California, the department obtained the first civil settlement for fraud involving the Paycheck Protection Program, resolving civil claims under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and the False Claims Act (FCA) against an internet retail company and its president and chief executive officer arising from false statements to federally insured banks to influence those banks to approve, and the SBA to guarantee, a PPP loan. Check out bed occupancy rate of hospitals. United States Attorney's Office 168334. Any web site our stories appear on must include a contact for your organization. Wire Fraud - Punishable by up to 30 years in a federal prison and a $1,000,000 fine. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Who in Mississippi got Paycheck Protection Program loans during the pandemic? 1344 (2): Bank Fraud. The Department of Justice says it has charged dozens of people who allegedly tried to steal more than $175 million in federal aid meant to help small . Such whistleblower complaints have been on the rise as unscrupulous actors take advantage of vulnerabilities created by the COVID-19 pandemic and the new government programs disbursing federal relief, and whistleblower cases will continue to be an essential source of new leads to help root out the misuse and abuse of taxpayer funds. It provided more than $2 trillion in economic relief to help Americans cope with the economic impact of the COVID-19 global pandemic. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. With your help, we've gotten a lot done but we're not finished yet! Rather than use thePaycheck Protection Program money for his businesses, Lick admitted using it for personal investments in the stock market and to buy a home valued at more than $1 million, according to a news release Monday from Clay Joyner, the U.S. attorney for northern Mississippi. Based on the data, between $2,511,750,192 and $4,436,550,192 have been loaned through the Payroll Protection Program to businesses in Mississippi. No guarantees are made as to the accuracy of the data. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. A .gov website belongs to an official government organization in the United States. More than $4 billion in loans have now made its way to Mississippi after Congress approved another round of federal support for businesses earlier this year. The SBA's Inspector General says this will set a precedent that will encourage fraud. Summary of PPP Loans in Mississippi. Complete this form if you need the U.S. Small Business Administration to review an outstanding loan or grant for identity theft. Sign up for notifications from Insider! We prefer Author Name, Mississippi Today in the byline. Leveraging data analysis capabilities and partnerships developed through its vast experience combatting economic crime and fraud on government programs, the Justice Departments response to COVID-19 related fraud serves as a model for proactive, high-impact white-collar enforcement, and demonstrates our agility in responding to new and emerging threats. Acts reported in a PPP loan fraud case in Mississippi may constitute wire fraud, bank fraud, money laundering, and other false claims. Plaintiff Cozette Willner filed a class action lawsuit against Bank of America Corporation and Zellepay.com on Feb. 24 in a California state court, alleging violations . The Government alleged that Chanchikyan submitted fraudulent loan applications seeking approximately $345,000 in COVID-19 relief funds through his home health agency, Gentle Touch Home Health Care Inc. The U.S. Treasury Department released the names of 650,000 businesses that received loans of $150,000 or more on Monday as part of the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. Postal Inspection Service, the Offices of Inspectors General from the Small Business Administration, Department of Homeland Security, Social Security Administration, Federal Deposit Insurance Corporation, Department of Health and Human Services, Department of Veterans Affairs, Federal Housing Finance Agency and Federal Reserve Board, Food and Drug Administrations Office of Criminal Investigations, Treasury Inspector General for Tax Administration, Financial Crimes Enforcement Network, Special Inspector General for Pandemic Relief, Pandemic Response Accountability Committee, OCDETF Fusion Center and OCDETFs International Organized Crime Intelligence and Operations Center. ) or https:// means youve safely connected to the .gov website. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. On average, businesses in the state received about $7,000 per employee. Report it to the Small Business Administrations with just a few clicks. The $525 billion Paycheck Protection Program (PPP) enacted as part of the CARES Act in 2020 helped millions of small businesses weather the COVID-19 pandemic. Designed to cover expenses such as payroll and rent, the loans do not. We do not sell or share your information with anyone. Powell claimed he had operated a barber shop since June 2018 and had one employee with an annual payroll expense of $96,000. In 2022, federal prosecutors employed the False Claims Act (FCA) to recover nearly $7 million from fraud related to pandemic-relief programs. We prefer Author Name, Mississippi Today in the byline. Powell applied for a PPP loan on February 22, 2021. No Documentation to Substantiate Representations in the Company's PPP Loan Application. Teamwork and Farms. This program . The Department of Justice has led an historic enforcement initiative to detect and disrupt COVID-19 related fraud schemes, said Attorney General Merrick B. Garland. CARLISLE'S BIG STAR #53. The unprecedented pace and tempo of these efforts is made possible only through the diligent work of a wide range of Justice Department partners, including the Criminal Divisions Fraud Section and Money Laundering and Asset Recovery Section, the Civil Divisions Commercial Litigation Branch (Fraud Section) and Consumer Protection Branch, U.S. Attorneys Offices throughout the country, and law enforcement partners from the FBI, Department of Labor Office of Inspector General, U.S. Secret Service, IRS-Criminal Investigation, Defense Criminal Investigative Service, Homeland Security Investigations, U.S. of Loans Jobs Retained Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Mississippis PPP recipients, by business and industry. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. The department has also brought actions to combat coronavirus-related fraud schemes targeting American consumers. As of today, the Department of Justice has publicly charged 474 defendants with criminal offenses based on fraud schemes connected to the COVID-19 pandemic. First State Bank. This form is used for COVID-19 Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) loans. We believe that an informed Mississippi is a better Mississippi. "The sentence imposed in this case was well deserved," Joyner said. PPP Loan Fraud List By Rich Smith Posted on June 26, 2021 Updated on August 15, 2022 Share the Knowledge Watch the video below to get all of the details about breakdown of the PPP Loan Fraud List and who got a PPP Loan. Thomas L. Hofstetter, a banking lawyer at a Florham Park-based law firm, said the enforcement arms of the country's Treasury Department and Small Business Administration are promising something [] Oxford, MS 38655, Telephone:662-234-3351 Narrow the list by typing in a business or city name. Recent reporting shows that $4 billion in PPP loans have already been red-flagged. Log in to access all of your BLAW products, Defendant accused of violating False Claims Act, Didnt operate daycare business, prosecutors said. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. PPP Loan Recipient List By State Mississippi 138,392 TOTAL PPP LOANS $5.4B TOTAL LOAN AMOUNT $39,226 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Anticipating the need to protect the integrity of these taxpayer funds and to otherwise protect Americans from fraud related to the COVID-19 pandemic, the Department of Justice immediately stood up multiple efforts dedicated to identifying, investigating, and prosecuting such fraud. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. Your California Privacy Rights/Privacy Policy. Access your favorite topics in a personalized feed while you're on the go. Specialized Freight (except Used Goods) Trucking, Local, Offices of All Other Miscellaneous Health Practitioners, Offices of Physicians (except Mental Health Specialists), Plumbing, Heating, and Air-Conditioning Contractors, Outpatient Mental Health and Substance Abuse Centers, Other Activities Related to Credit Intermediation, Nursing Care Facilities (Skilled Nursing Facilities), Internet Publishing and Broadcasting and Web Search Portals, Other Support Activities for Air Transportation, All Other Professional, Scientific, and Technical Services, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Dry, Condensed, and Evaporated Dairy Product Manufacturing. "For more than two years, the defendant was living lavishly on taxpayer dollars while millions of Americans were struggling during the pandemic.". There is not an exact figure because many of these loans are disclosed in ranges. . The Justice Department has brought criminal charges against at least 209 individuals in 119 cases related to Paycheck Protection Program (PPP) fraud since banks and other lenders began processing loan applications on behalf of the Small Business Administration on April 3, 2020. A Mississippi woman accused of violating the False Claims Act by improperly receiving a Paycheck Protection Program loan agreed to pay the government nearly $21,000, according to a consent judgment filed with a federal district court. Republish our articles for free, online or in print, under a Creative Commons license. Doctors offices, restaurants and car dealers were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed into law this spring. Sign up for the 10 Things in Politics daily newsletter. Click on a company's name to see additional loan details. Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. You can only publish select stories individually not as a collection. Sum of Current Approval Amount. Find data and reports related to the Paycheck Protection Program (PPP). Some cases are substantial. Ethridge Building The FCA permits private citizens with knowledge of fraud against the government to bring a lawsuit on behalf of the United States and to share in any recovery. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Fraudulent Use of PPP Loan Funds Funds gained under the PPP may only be used for the purposes authorized under the CARES Act. That was too tempting to pass up for some businesses that really should've passed on it. Does something look fishy to you? Republish our articles for free, online or in print, under a Creative Commons license. To learn more about the departments COVID response, visit: https://www.justice.gov/coronavirus. In Mississippi, nearly all 96% of loans were directed towards payrolls. This is your state and county equivalent level look at how many have gotten a dose or doses of the COVID-19 vaccine. "It was set up for people with power to get more power," Christopher said. Over 5400 lenders processed these loans. The U.S. Treasury Department released the names of 650,000 businesses that received loans of $150,000 or more on Monday as part of the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. Two Texas men Lee Price III and Jase Gautreaux were charged with wire fraud and bank fraud for unlawfully obtaining a combined $3.2 million in PPP funds. By clicking submit, you agree to share your email address with Mississippi Today. Enjoy! Several other companies, shown below, received enough in loans to pay each employee over six figures. Jermicha Fomby, special agent in charge of the FBI field office in Jackson, said in the news release that Lick took very proactive steps to defraud the U. S. Government and the citizens of this nation.. There was an error and we couldn't process your subscription. The impact of the departments work to date sends a clear and unmistakable message to those who would exploit a national emergency to steal taxpayer-funded resources from vulnerable individuals and small businesses. A Mississippi businessman has been sentenced to more than six years in prison for misusing over $6 million inbusiness loansthrough a coronavirus pandemic relief program. [1] The funds may only be used towards eligible payments of mortgage interest, rent, utilities, and payroll. Lick filed fraudulent loan applications to banks that were providing loans as part of the Paycheck Protection Program, according to court records. The US government recently added a second round of $310 billion to PPP loan program. Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. In 2019, Alex was a grantee through the Pulitzer Centers Connected Coastlines program, which supported his coverage around the impact of climate change on Mississippi fisheries. The Department of Justice (DOJ) has repeatedly stated its intent to utilize the FCA to combat pandemic fraud, legislative action has been . Number of Loans Forgiven. Authorities said that Gautreaux. For the most part, Mississippis recipients were small individual businesses over 80% reported 10 or fewer employees, and only 1% were part of a franchise. Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. Recipients of the PPP loans can qualify to have their debt forgiven if within 8 or 24 weeks they use at least 60% of the funds for payroll costs, with the rest eligible to be spent on eligible business mortgage interest payments, business rent or lease payments, and business utility payments. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: In 2020, Mississippi Today sought a Paycheck Protection Program loan, which was approved and disbursed. The Act originally authorized up to $349 billion in forgivable loans to small businesses through the Paycheck Protection Program (PPP), and Congress later authorized $321 billion in additional PPP funding. 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