HOPKINTON, Mass. — A Hopkinton couple have been handed stiff penalties for a $1.65 million fraud scheme that involved their roofing and construction company.
Ronaldo Solano, 52, was sentenced to one year and one day in prison, followed by two years of supervised release, including six months of home detention. His wife, Adriana Solano, 41, received time served (one day) with an additional 27 months of supervised release, the first three months on home detention. The couple was also ordered to pay $1,625,872.03 in restitution.
Ronaldo Solano pleaded guilty to conspiracy to commit mail and wire fraud, conspiracy to commit wire and bank fraud, mail fraud, and wire fraud, while Adriana Solano admitted to conspiracy to commit wire and bank fraud. They were indicted by a federal grand jury in March 2024 for their roles in the fraudulent schemes.
The Solanos’ roofing company, H&R Roofing & Construction Inc., and H&R Roofing & Siding Corp., dodged more than $627,000 in workers’ compensation insurance premiums by underreporting payroll and paying through an uninsured third party. They also manipulated a loan application for the Economic Injury Disaster Loan (EIDL) Program, diverting funds intended for pandemic relief to purchase a luxury home.
In addition to the Solanos’ deceit, United States Attorney Leah B. Foley; FBI Special Agent in Charge Ted E. Docks; and U.S. Department of Veterans Affairs Office of Inspector General’s Christopher Algieri announced the sentencing today. The Insurance Fraud Bureau of Massachusetts provided valuable assistance throughout the investigation.
The CARES Act’s Economic Injury Disaster Loan Program was designed to provide financial aid during the COVID-19 pandemic, not to fund luxurious lifestyles for those who would exploit its provisions.
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Key Facts
- State: Massachusetts
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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