Denis Casseus, Bank Fraud, Florida 2023

Bank Fraud Defendant Sentenced in Florida

Tampa, FL – Denis Casseus, a resident of Cape Coral, was sentenced to two years in federal prison for bank fraud and an illegal monetary transaction.

Casseus was found guilty of submitting two fraudulent Paycheck Protection Program (PPP) applications, in which he falsely represented that the PPP funds would be used only for business-related purposes, as specified in the loan applications.

Instead, Casseus used a portion of the fraudulent-obtained money for the purchase of a residence in Cape Coral.

On October 2023, U.S. District Judge Thomas P. Barber entered an order of forfeiture in the amount of $298,875, the proceeds of the bank fraud.

According to court documents, Casseus submitted two fraudulent PPP applications, in which he falsely represented that the PPP funds would be used only for business-related purposes, as specified in the loan applications.

The Middle District of Florida United States Attorney’s Office continues to pursue, investigate, prosecute, and recover money from those who were engaged in major or sophisticated fraud schemes designed to steal benefits intended for Americans coping with the myriad impacts of the pandemic.

Source: https://www.justice.gov/usao-mdfl/pr/middle-district-florida-task-force-continues-combat-covid-19-fraud-3