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Stavros Papantoniadis, Defrauding SBA, Massachusetts 2025
BOSTON – In a shocking turn of events, Stavros Papantoniadis, the owner of Stash’s Pizza, has been sentenced to two years in prison for defrauding the U.S. Small Business Administration (SBA) out of $499,900.
Papantoniadis, 50, of Westwood, was sentenced by U.S. District Judge Angel Kelley to two years in prison, to be followed by one year of supervised release. He was also ordered to pay $534,462.01 in restitution.
The scheme unfolded in April 2021 when Papantoniadis sold one of his pizzerias located in Randolph, Mass., and the Secretary of State subsequently cancelled the limited liability company through which Papantoniadis owned the Randolph pizzeria.
However, between November 2021 and January 2022, Papantoniadis applied for an Economic Injury Disaster Loan from the SBA, claiming that he still owned and operated the pizzeria in Randolph, with 18 employees at the location.
But in reality, Papantoniadis had sold the business several months before he applied for the loan, based on evidence introduced at trial.
The SBA approved the loan and sent Papantoniadis $499,900, which he is now required to repay, along with an additional $35,000 fine for his previous conviction of forced labor and attempted forced labor.
Papantoniadis was previously convicted by a federal jury of three counts of forced labor and three counts of attempted forced labor in June 2024, and was sentenced to 102 months in prison, one year of supervised release and ordered to pay a $35,000 fine.
The case was prosecuted by Assistant U.S. Attorneys Timothy E. Moran and Brian A. Fogerty of the Human Trafficking & Civil Rights Unit.
The U.S. Attorney Leah B. Foley, Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England, and Jonathan Mellone, Special Agent in Charge of the U.S. Department of Labor, Office of Inspector General, Northeast Region made the announcement today.
Key Facts
- State: Massachusetts
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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