Seven family members from the Dallas area have been brought to justice for their roles in a brazen Paycheck Protection Program (PPP) loan scheme that saw them swindle the federal government out of millions of dollars.
The indictment, filed in December 2023, charged the seven defendants with conspiracy and wire fraud related to the forgivable federal loans they obtained through the PPP. The program, created in response to the COVID-19 pandemic, provided emergency financial assistance to existing small businesses.
According to plea documents, the defendants submitted loan applications that falsely claimed each family member was a sole proprietor with a monthly payroll of approximately $8,000. Additional false details were provided in purported tax documents, including the type of businesses and annual net profits. The loans were approved and deposited into the family members’ personal bank accounts.
Lori Jackson, 63, Saidrick Jackson, 61, Saidrick Jackson II, 36, Saundria Jackson, 36, D’Andria Todd, 46, Bianca Williams, 33, and Valencia Williams, 53, all pled guilty to conspiring to commit wire fraud on Wednesday, June 18. Each defendant faces up to five years in federal prison. Their sentencing dates have not been set.
The Environmental Protection Agency – Office of the Inspector General conducted the investigation, with Assistant U.S. Attorneys Sarah Douglas and Marty Basu handling the prosecution.
Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.
The scheme, which was uncovered through a joint investigation by the EPA-OIG and the U.S. Attorney’s Office, highlights the need for vigilance in preventing and detecting financial crimes.
Related Federal Cases
Key Facts
- State: Texas
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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