PORTLAND, Maine — Mark X. Haley II, a Rockport man, has seen his greedy sails set him adrift into legal peril after he pleaded guilty in U.S. District Court to a colossal bank fraud scheme involving the Paycheck Protection Program (PPP).
Haley, 42, bilked over $1 million from the program, submitting fraudulent applications at two banks for businesses under his control. His deceitful endeavors included fake employee and payroll data, as well as forged documents such as federal tax returns and bank records.
The judge will sentence Haley after reviewing a presentence investigation report by the U.S. Probation Office, with potential penalties including 30 years in prison and a $1 million fine, plus up to five years of supervised release.
“While many legitimate businesses used PPP loans to keep their heads above water during the pandemic, Mark Haley’s actions were motivated solely by personal greed,” Joleen Simpson, Special Agent in Charge of IRS-Criminal Investigation’s Boston Field Office, stated. “Today’s plea is a stark reminder that such crimes will not go unpunished.”
The Internal Revenue Service’s Criminal Investigations division investigated the case, ensuring justice for the misuse of the PPP funds intended to support struggling businesses during the COVID-19 crisis.
Haley’s scheme underscores the necessity for vigilance in protecting government relief programs from unscrupulous elements who seek to profit at the expense of genuine business owners and the broader economy.
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Key Facts
- State: Maine
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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