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Naples Felon Indicted for COVID Relief Fraud
Fort Myers, Florida – United States Attorney Roger B. Handberg announced yesterday the return of an indictment charging Daniel Joseph Tisone (34, Naples) with wire fraud, bank fraud, aggravated identity theft, illegal monetary transactions, and possession of ammunition by a convicted felon.
If convicted, Tisone faces a maximum penalty of 30 years in federal prison for each wire fraud count (4 counts) and bank fraud count (6 counts), a 2-year minimum mandatory term of imprisonment for the aggravated identity theft counts (2 counts), up to 10 years in federal prison for each illegal monetary transaction count (5 counts) and for the possession of ammunition count.
The indictment also notifies Tisone that the United States intends to forfeit his interest in a 2019 Tiara 34LS boat, two real properties located in Naples, a 4.02 carat solitaire engagement ring, approximately $65,645.69 seized from two bank accounts, and approximately $2,617,447.17, which are alleged to be traceable to proceeds of the offense.
According to court documents, between March 2020 and April 2021, Tisone, a convicted felon, submitted false and fraudulent Economic Injury Disaster Loan (EIDL), Main Street Lending Program (MSLP), and Paycheck Protection Program (PPP) loan applications to the Small Business Administration, as well as PPP and MSLP approved lenders.
The loan applications contained numerous false representations, including the criminal history, average monthly payroll, number of employees, and gross revenues of the applicant, Tisone.
Tisone’s false and fraudulent representations caused the SBA, PPP, and MSLP lenders to approve and fund one MSLP, four EIDL, and five PPP loans, resulting in the deposit of more than $2.6 million into bank accounts Tisone controlled.
Tisone then unlawfully used the funds for unauthorized purposes and for his own personal enrichment, including the purchase of residences in Naples, stocks and investment securities, and ammunition.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a federal law enacted March 2020. It is designed to provide emergency financial assistance to millions of Americans who are suffering the economic effects resulting from the COVID-19 pandemic.
Defendant: Daniel Joseph Tisone
Criminal Charges: wire fraud, bank fraud, aggravated identity theft, illegal monetary transactions, and possession of ammunition by a convicted felon
City and State: Fort Myers, Florida
Exact Date: between March 2020 and April 2021
Sentence or Outcome: pending
Dollar Amounts: approximately $2,617,447.17, $65,645.69, and a 4.02 carat solitaire engagement ring
Key Facts
- State: Florida
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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