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Kenyatta Hooper, PPP Fraud, Memphis TN, 2022
MEMPHIS, TN – A 34-year-old Memphis woman is facing federal charges after allegedly using fraudulently obtained Paycheck Protection Program (PPP) loans to fund a lavish lifestyle, including the purchase of a Maserati luxury automobile. Kenyatta Danielle Hooper was indicted by a grand jury on May 19, 2022, and arrested May 27, 2022, according to U.S. Attorney Joseph C. Murphy Jr.
The indictment details a scheme where Hooper allegedly submitted false information to financial institutions to secure PPP loans, both for herself and others. She didn’t just stop at applying; Hooper is accused of directing others to submit fraudulent applications as well, pocketing kickbacks for her assistance. The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized billions in forgivable loans to help businesses survive the COVID-19 pandemic, but Hooper allegedly saw it as a personal slush fund.
Instead of using the funds for legitimate business expenses like payroll, rent, or utilities – the stated purpose of the PPP – Hooper allegedly blew the money on a high-end Maserati, personal travel, concerts, and gambling. The scheme involved submitting fake documents to support the loan applications, further demonstrating a calculated effort to defraud the federal government. Federal authorities are cracking down on those who exploited the program intended to help struggling businesses.
“Congress funded the PPP program to provide a financial lifeline to struggling small businesses in West Tennessee and across the United States during the COVID-19 pandemic,” stated U.S. Attorney Murphy. “Bad actors unfortunately have targeted this critical assistance program and fraudulently diverted much needed resources. Our office and our law enforcement partners will investigate all allegations of unlawful use of these funds and are committed to ensuring federal tax dollars are used for their intended purposes.”
The investigation was a collaborative effort between multiple federal agencies. Douglas M. Korneski, Special Agent in Charge of the FBI Memphis Field Office, emphasized the bureau’s commitment to pursuing those who exploit public funds for personal gain. Amaleka McCall-Brathwaite, Special Agent-in-Charge of the SBA OIG, highlighted the importance of protecting the integrity of SBA programs. The U.S. Secret Service’s Memphis Field Office also played a crucial role in the arrest, demonstrating interagency cooperation in combating financial crime.
Hooper is now facing six counts of wire fraud, each carrying a potential sentence of up to 20 years in federal prison. There is no parole in the federal system. The case serves as a stark reminder that those who attempt to defraud federal programs will be held accountable, and that the resources intended to support legitimate businesses will be protected.
Key Facts
- Agency: U.S. Secret Service
- Category: Fraud & Financial Crimes
- Source: Official Press Release
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