A Detroit man with a license to cook the books has landed in a world of trouble after pleading guilty to a massive fraud conspiracy charge involving the largest known Paycheck Protection Program (PPP) scam in the Western District of Pennsylvania.
Matthew Lloyd Parker, 37, of Detroit, Michigan, pleaded guilty in federal court on May 15, 2024, to a fraud conspiracy charge, admitting his role in swindling lenders out of more than $14 million in false PPP loan applications for COVID-19 pandemic relief.
According to court documents, Parker, a licensed certified public accountant (CPA), recruited hundreds of small businesses in Pittsburgh and Detroit, submitting false PPP loan applications in their names. The Small Business Administration (SBA) approved 226 of those applications, resulting in loans totaling approximately $14.5 million to various businesses.
The investigation, conducted by the United States Postal Inspection Service and Federal Bureau of Investigation, led to the prosecution of Parker, who faces a maximum total sentence of up to 30 years in prison, a fine of up to $1 million, or both. Judge W. Scott Hardy scheduled sentencing for September 17, 2024.
Parker’s scheme was the largest known PPP scam in the Western District of Pennsylvania, and his guilty plea marks a significant victory for the government in its efforts to hold accountable those who seek to exploit pandemic relief programs.
Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government, bringing Parker’s deceitful actions to justice and sending a clear message to would-be scammers: the Grimy Times will expose your crimes and bring you to justice.
As the Grimy Times continues to dig deeper into the world of white-collar crime, we remain committed to shedding light on the darkest corners of the economy and bringing accountability to those who seek to exploit the system.
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Key Facts
- State: Pennsylvania
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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