A Florida man has been caught in a web of deceit, pleading guilty to COVID-19-related wire fraud in a shocking case of pandemic-era financial manipulation.
Robert William Burns, III, 44, of Rockledge, Florida, pleaded guilty to the crime, which could see him spend up to 20 years behind bars.
According to court documents, Burns applied for three Paycheck Protection Plan (PPP) loans in 2021 to support his businesses, RB3 Ventures LLC and The Social Wizards. However, in each application, Burns made false statements to obtain the loans.
In one instance, Burns inflated his company’s income to secure a larger payout, providing false or fictitious tax documents in support of the application. As a result, Burns fraudulently obtained $57,186 in PPP funds.
The defendant then proceeded to spend all the funds on non-business purposes, leaving a trail of financial devastation in his wake.
As part of his plea agreement, Burns has agreed to forfeit $57,186 and make full restitution to the U.S. Small Business Administration.
The case was investigated by the United States Secret Service and the Brevard County Sheriff’s Office. Assistant United States Attorney Richard Varadan is prosecuting the case.
Burns’ guilty plea serves as a stark reminder of the consequences of COVID-19-related financial crimes. His case highlights the importance of vigilance and accountability in the face of pandemic-era financial manipulation.
In 2021, Burns applied for three Paycheck Protection Plan (PPP) loans to support his businesses, RB3 Ventures LLC and The Social Wizards. However, in each application, Burns made false statements to obtain the loans.
Burns faces a maximum penalty of 20 years in federal prison. A sentencing date has not yet been set.
Robert William Burns, III, faces a maximum penalty of 20 years in federal prison for his role in the COVID-19-related wire fraud scheme. He has agreed to forfeit $57,186 and make full restitution to the U.S. Small Business Administration.
Key Facts
- State: Florida
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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