KANSAS CITY, Mo. – Rasheda McDaniel, a 42-year-old Kansas City woman, pleaded guilty in federal court to a brazen scheme to defraud the Paycheck Protection Program (PPP) of $21,000.
According to court documents, McDaniel and co-defendant Briauna Adams concocted a plan to obtain PPP loans under false pretenses. On March 22, 2021, they used another individual’s personal information to secure a loan application that listed a fictional business with substantial income.
The scheme unraveled when the $20,832 loan was approved and wired directly into their accounts. Adams transferred $2,000 to her own account, while McDaniel received $18,830.
McDaniel’s fraud didn’t end there. On February 27, 2021, Adams also submitted a fraudulent PPP loan application in McDaniel’s name. The false documents claimed that McDaniel was a sole proprietor with significant income from her business, which she never had.
On March 4, 2021, McDaniel withdrew $15,000 in cash from the account funded by the fraudulent loan. Her co-defendant, Briauna Adams, pleaded guilty to multiple fraud charges earlier this year and awaits sentencing.
McDaniel faces up to 22 years in federal prison without parole. A sentencing hearing will be scheduled after a presentence investigation by the U.S. Probation Office. The case was prosecuted by Assistant U.S. Attorney Paul S. Becker, with investigations conducted by IRS-Criminal Investigation and the Kansas City, Missouri, Police Department.
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Key Facts
- State: Missouri
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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